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Caulfield, VIC 3162

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Caulfield, VIC 3162 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Caulfield, VIC 3162”

  1. The total adult population (15 years or older) of Caulfield 3162 VIC is 4,860, with a median age of 42. Of those, 47.67% are married, 10.37% are divorced or separated, 34.65% are single and 7.14% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $11,008. The median monthly mortgage repayment for households in this suburb is $2,500 which is 22.71% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Caulfield, postcode 3162, is situated in VIC and is home to around 2719 households. As we move into Q3 of 2023, the median house price in Caulfield is recorded at a substantial $1,845,146. Meanwhile, median weekly rent sits at $874 which rounds out to an indicative yield of 2.46%. Considering a standard yield benchmark of 3%, this yield rate might be underwhelming for some investors who prioritise cash flow.

    Delving into the socio-economic factors, Caulfield boasts an IRSAD score of 1106 out of 1217, clearly indicating a higher socio-economic standing in the population. This is typically attractive for investors as it often suggests stability and potential for capital growth.

    The renter to owner ratio here is revealed to be 32%. This is just above the preferred sector (30% and below). However, this shouldn’t be too concerning as long as one understands the inherent risk while also appreciating some potential for higher returns due to the presence of renters.

    Meanwhile, the units to houses ratio rests at a balanced 50%. Normally, lower ratios are favourable as they suggest less competition among landlords for tenants, however, this even split shouldn’t raise too many alarm bells, assuming a robust and consistent demand in the area.

    In terms of affordability, a daunting figure of 66 years emerges on the Affordability Index, potentially indicating a challenging landscape for those looking to own properties in the suburb. However, if you’re an investor, lower affordability might be a less critical factor.

    On the supply side, the stock on market percentage in Caulfield is quite favourable at only 0.27%, suggesting a relatively low supply. The inventory level also mirrors this favourable supply situation with a lean 1.13 months of available inventory. Rounding out the supply metrics, the building approvals ratio for houses stands at 0.81%, ideally indicating a low supply of new dwelling stock coming into the market.

    Demand seems relatively high in the suburb, with properties spending an average of only 25 days on the market before being snapped up. A vacancy rate of 1.16% complements this picture of high demand, implying less competition among landlords and potentially higher rental yields due to the limited supply of rental properties. However, the buy search index, currently at 3, implies a more moderate demand scenario, and staying updated with market trends will be crucial moving forward.

    In summary, while some metrics in Caulfield’s property market might not appeal to all investors, the suburb demonstrates a strong socio-economic standing, promising supply-side conditions and a healthy rental yield for those prioritising these factors in their investment strategies. And as always, tracking dynamic market changes with data-driven tools like the RCS (Relative Composite Score) by HtAG Analytics can provide real value in investment decision making.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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