All About Caulfield, Glen Eira, VIC, 3162

The housing market in Caulfield, situated in the City of Glen Eira, Victoria, is characterized by a blend of traditional charm and modern appeal. This suburb boasts a range of property types, from classic Edwardian and Victorian homes to contemporary apartments and townhouses, reflecting its historical roots and ongoing development. Demand in Caulfield has remained robust due to its strategic location, just 12 kilometers from Melbourne's Central Business District, which appeals to both families and professionals seeking a suburban lifestyle with city accessibility. The suburb's strong Jewish community also attracts buyers looking for cultural connections. Over the years, property prices have reflected general market trends, with steady growth influenced by its desirable location, amenities, and educational institutions such as Monash University’s Caulfield campus.

Living in Caulfield offers residents a vibrant community atmosphere with a wide array of conveniences and attractions. The suburb is known for its leafy streets and plentiful parks, providing ample recreational spaces such as Caulfield Park, which is a hub for sports and family activities. Shopping and dining are conveniently catered for, with Glenferrie Road and nearby Chadstone Shopping Centre offering an abundance of retail options. Additionally, Caulfield is well-serviced by public transport, including trams, buses, and its own train station, making it easy for residents to commute around Melbourne. The area's multicultural population contributes to a rich tapestry of cultural events and dining experiences, ensuring a lively and inclusive community spirit. Overall, Caulfield is renowned not only for its housing market but also for providing a well-rounded lifestyle that balances tranquility with urban convenience.

Caulfield Real Estate Market Outlook

Thinking about buying in Caulfield? Now could not be a better time, with 3360 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,898,000 with prices in this suburb ranging from $304,000 to $8,672,000. Caulfield 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 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 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. Medium density in Caulfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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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