Question 1

Is Caulfield East a nice place to live?

Accepted Answer

Caulfield East is a quiet inner-south eastern suburb with a settled, residential feel, framed by tree-lined streets, small neighbourhood parks and the open sweep of Caulfield Racecourse nearby. Housing ranges from interwar cottages and Art Deco apartment blocks to more recent townhouses, so you’ll see long-term local families alongside younger residents. Glen Huntly Road provides a compact retail strip of cafes, shops and services, and public transport is strong with trams on Glen Huntly Road and trains at Caulfield station, making the suburb an easy base for city and bayside access.

The community numbers 1,293 people, with a median age of 32 and a typical household income of $1,682 a week. The suburb leans heavily towards couples, with couple families with children at 46.1% and, together with couple families without children, accounting for more than eight in ten families. Homes are more often owner-occupied (53.3%) than rented (46.7%). The area is covered by the Caulfield Structure Plan and a wider Caulfield Village masterplanned precinct is being delivered in stages, alongside campus upgrades, hospital and public-realm work and a proposed Queens Avenue cycling corridor. Whether that mix suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Caulfield East?

Accepted Answer

Rents in Caulfield East sit at about $763 a week for houses and $430 a week for units. Against a typical local household income of $1,682 a week as recorded at the last Census, a house rent of $763 would take roughly 45.4% of that income, which is a large share, while a unit at $430 would take about 25.6%, a moderate share. If you're renting, those rent shares are the most relevant figures when weighing costs; whether they feel expensive will depend on your own income and circumstances.

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 East a good place to invest?

Accepted Answer

Both house and unit values in Caulfield East fell over the past 12 months, with unit values down 48.6% and house values down 19.3%. Those are large, sharp falls in capital values over the year for both property types.

Rents moved the other way: house rents rose 7.0%, a solid increase, while unit rents rose 4.9%, a modest rise. For someone weighing Caulfield East as an investment, the value figures speak to capital movement over the year and the rent figures speak to rental income, with house rents the stronger rental performer this year. Whether that combination suits your goals depends on your own objectives 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	N/A	N/A
Change in value Past 12 months	-19.3%	-48.6%
Sold Past 3 months	4	4
Median days on market Past 12 months	N/A	29
Average rent Past 12 months	$763	$430
Change in rent Past 12 months	7.0%	4.9%

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