All About Caulfield North, Glen Eira, VIC, 3161

Caulfield North, located within the Glen Eira local government area in Victoria, is an affluent and vibrant suburb known for its attractive housing market. The area boasts a diverse range of architectural styles, from elegant Edwardian and Victorian homes to modern apartments and townhouses. In recent years, the housing market in Caulfield North has remained competitive due to its desirable location and the quality of life it offers. The suburb is well-served by public transport, with several tram and train options that provide easy access to Melbourne's central business district, enhancing its appeal to both families and professionals. Additionally, the proximity to reputable schools, parks, and amenities like Caulfield Park and local shopping precincts contributes to the strong demand for properties in the area. As a result, Caulfield North continues to attract buyers looking for a blend of suburban charm and urban convenience.

Living in Caulfield North offers residents a high standard of living with a sense of community and an array of cultural and recreational activities. The suburb is home to an eclectic mix of residents, reflecting a rich tapestry of cultures and backgrounds, which adds to its dynamic social atmosphere. The presence of the prestigious Monash University Caulfield campus imbues the area with a youthful energy and a diversity of events and activities. Residents enjoy a variety of dining and café options, making it a lively place to unwind and socialize. Moreover, Caulfield North's lush parks and gardens provide ample green spaces for relaxation and outdoor activities, which are perfect for families and individuals alike. Overall, living in Caulfield North offers a balanced lifestyle marked by convenience, culture, and community engagement.

Caulfield North Real Estate Market Outlook

Thinking about buying in Caulfield North? Now could not be a better time, with 10094 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,831,000 with prices in this suburb ranging from $146,000 to $12,919,000. Caulfield North is located fairly close to the coast at just 2Km 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 North 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 North 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 North 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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