Caulfield is a mid-sized suburb in Victoria within the Glen Eira local government area (postcode 3162). With a population of 5,748, the suburb has an established demographic with a median age of 42. Households earn a median income of $111K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Polish.
The median house price in Caulfield is $2.3 million, having surged 30.7% over the past year. Units have a median price of $873,000 (+14.1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,500.
Public transport access includes 1 tram stop, 26 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Caulfield offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +30.7% year-on-year.
Caulfield is a mid-sized suburb in Victoria within the Glen Eira local government area (postcode 3162). With a population of 5,748, the suburb has an established demographic with a median age of 42. Households earn a median income of $111K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Polish.
The median house price in Caulfield is $2.3 million, having surged 30.7% over the past year. Units have a median price of $873,000 (+14.1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,500.
Public transport access includes 1 tram stop, 26 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Caulfield offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +30.7% year-on-year.