caulfield east

3145, Victoria

Real Estate & Property Information

Median
Price Rank
86

caulfield east Suburb Profile & Review

Situated just 9km from the city, Caulfield East is largely a Jewish enclave, with the highest Jewish population in Melbourne. There are many synagogues and kosher shops in the area and, as such, properties are highly sought after. It is a close to other affluent suburbs like Malvern and Glen Iris.

Caulfield Racecourse hosts about twenty race days each season, including the prestigious Caulfield Cup. Caulfield Grammar School is among the best schools in Victoria. It is also the second largest, with almost 3000 students located over three campuses around Melbourne. Monash University has a campus in Caulfield, which hosts about 13,000 students. Caulfield Park is great place for a bit of time out, and its sports fields are used by students and clubs alike.

Though Caulfield East is a quiet suburb and there isn't much night-life, St Kilda and Chapel Street are not far away. It is one of the most accessible suburbs via public transport, and two train stations and three tram lines service the area. Despite the variety of housing styles, Caulfield East still retains its homely feel, withstanding the push for housing development in recent years.

caulfield east Demographic Data

$ 760,000 Median House Price

21 Minutes Average Commute

33 Median Age

1,237 Population

47.94 % Female

52.06 % Male

285 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in caulfield east, Victoria.

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caulfield east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

caulfield east Median House Prices

  • 2008 $ 722,500
  • 2009 $ 746,500
  • 2010 $ 818,000
  • 2011 $ 837,250
  • 2012 $ 760,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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caulfield east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in caulfield east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term caulfield east property price predictions.

caulfield east Market Property Types

  • 46 % Seperate House
  • 22 % Semi Detached
  • 31 % Flat or Unit
  • 2 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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caulfield east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

caulfield east Income & Mortgage Stats

  • $ 1,283 Median Weekly Household Income
  • $ 2,342 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in caulfield east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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caulfield east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

caulfield east Sold Property Prices

caulfield east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

caulfield east Related Local Blog Posts

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Where is The Property Market Heading?

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Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

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Is Housing Affordability Creating A Gap Between The Rich and The Poor?

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Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

caulfield east Restaurants

  • Uzu2 Derby Rd caulfield east VIC 314503 9571 6792
  • Seng Hing Gourmet1 Derby Road caulfield east VIC 314503 9571 9186
  • Nusantara Indonesian Cuisine19 Derby Rd caulfield east VIC 314503 9571 5402

caulfield east Cafes

  • MamadukeBuilding H, Monash University, 878 Dandenong Roadcaulfield east VIC 314503 9903 4166

caulfield east Schools

  • Monash Caulfield Campus900 Dandenong Roadcaulfield east VIC 3145(03) 990 32000University

caulfield east Childcare

  • Monash Child Care22-24 Derby Roadcaulfield east VIC 3145

Find out How Much your House is Worth in caulfield east

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