Question 1

Is Caulfield a nice place to live?

Accepted Answer

Caulfield is an established inner south-eastern suburb with a mix of period weatherboard and brick homes alongside denser apartment pockets near the station and racecourse. It has leafy streets, neighbourhood parks and sporting ovals used by local clubs, and a compact village feel with local shops, cafés and bakeries close by. Residents range from students and young professionals to families, and couple families are the dominant household type; the suburb is home to 5,748 people and about two-thirds of dwellings are owner-occupied.

Public transport access is a strong feature, centred on Caulfield station, and the area has seen substantial rail upgrades and a broader level crossing removal program that will add new stations along the corridor. Planning work for the Caulfield Major Activity Centre and Monash University’s Caulfield campus is also guiding local improvements to the station precinct and public spaces. Whether it suits you depends on the mix of housing, transport links and nearby amenities you want.

Question 2

Is it expensive to live in Caulfield?

Accepted Answer

On these figures for Caulfield (3162), buying sits well above what local households earned at the last Census. The median house price of $1,850,000 is about 16.6 times a typical local annual household income at the last Census, and the median unit price of $900,000 is about 8.1 times that annual income.

Renting takes a sizeable to large share of a typical local household's weekly income at the last Census: house rent of $950 a week is about 44.4% of that weekly income, while unit rent of $630 a week is about 29.4%. If you are weighing renting versus buying, those rent shares and price multiples are the clearest measures to consider on the local incomes shown here.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Caulfield a good place to invest?

Accepted Answer

The past year has shown a clear split between the house and unit markets in Caulfield. House values fell 6.1% over the 12 months, a notable decline. By contrast, unit values rose 7.8%, a solid increase, and unit rents jumped 12.5%, a strong rise.

For someone weighing Caulfield as an investment, those numbers point to contrasting outcomes: the unit side delivered both capital growth and strong rental income growth over the year, while houses recorded a drop in value. Whether that balance fits your aims depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.85M	$900K
Change in value Past 12 months	-6.1%	7.8%
Sold Past 3 months	10	11
Median days on market Past 12 months	90	54
Average rent Past 12 months	$950	$630
Change in rent Past 12 months	N/A	12.5%

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