All About Caulfield East, Glen Eira, VIC, 3145

Caulfield East, located within the City of Glen Eira in Victoria, is a suburban area that offers a blend of urban convenience and a more relaxed residential feel. The housing market in Caulfield East is characterized by a mixture of older homes and newer developments, reflecting the area's growth and modernization. Over recent years, property values in Caulfield East have seen a steady increase, driven by its proximity to Melbourne's central business district and its desirable location near educational institutions like Monash University's Caulfield campus. This makes it a popular choice for both investors and families. The housing options vary from charming period homes to contemporary apartments, appealing to a diverse range of buyers.

Living in Caulfield East offers the advantage of a well-connected suburb with good public transport links, including a train station and several bus routes, making commutes relatively easy. The suburb is known for its quiet, leafy streets and community-focused atmosphere, providing a peaceful environment not far from the hustle and bustle of the city. Local amenities include a variety of shops, cafes, and parks, making it convenient for day-to-day living. The presence of the Caulfield Racecourse Reserve adds a unique recreational aspect to the area, offering open spaces for leisure activities. Residents enjoy a balanced lifestyle with access to both urban amenities and green spaces, making Caulfield East a sought-after location in the metropolitan Melbourne area.

Caulfield East Real Estate Market Outlook

Thinking about buying in Caulfield East? Now could not be a better time, with 1027 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,358,000 with prices in this suburb ranging from $151,000 to $6,078,000. Caulfield East is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Caulfield East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Caulfield East classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Caulfield East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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