Caulfield East is a small locality in Victoria within the Glen Eira local government area (postcode 3145). With a population of 1,293, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $87K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward education and retail trade. The top ancestries reported are English, Australian, Irish.
Caulfield East has a median house price of $1.7 million, which has surged by 18.2% year-on-year. Units have a median price of $320,000 (-51.5% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Caulfield East is served by 1 school, including 1 secondary. The average ICSEA score is 1117, which is well above the national average of 1,000. Public transport access includes 8 rail stations, 7 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 19.5x is considered stretched. House prices have moved +18.2% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.