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Caulfield North suburb profile

Caulfield North is an inner south-eastern suburb characterised by leafy, residential streets of Edwardian and interwar homes, pockets of art deco flats and thoughtful contemporary infill. The suburb sits beside the Caulfield Racecourse and is well served by a nearby train station and tram routes, so getting around is straightforward. It appeals to families, established locals and professionals who value nearby parks, sporting grounds and a selection of cafés and village-style shopping strips. Proximity to health and education precincts, including Monash University's Caulfield campus, gives the area a settled, everyday convenience while retaining a suburban calm.

Caulfield North property market performance

Current median dwelling price$1,266,500Past 3 months

Property growth-3.7%Past 12 months

House and unit values in Caulfield North have both eased over the last 12 months. The median house price is $1.95 million, down a modest 3.6% over the last 12 months. The median unit price is $583,000, down a modest 3.7% over the last 12 months; the two moved at a similar pace.

Over the last 3 months, 37 houses and 55 units were sold. Over the last 12 months houses sold in a median of 48 days and units in a median of 31 days, so units sold faster than houses.

The rental market in Caulfield North saw house rents average $995 a week, up a modest 4.7% over the last 12 months. Unit rents averaged $650 a week, up a solid 8.3% over the last 12 months, with unit rents growing more strongly than house rents.

HousesUnits
Median price
Past 3 months
$1.95M$583K
Change in value
Past 12 months
-3.6%-3.7%
Sold
Past 3 months
3755
Median days on market
Past 12 months
4831
Average rent
Past 12 months
$995$650
Change in rent
Past 12 months
4.7%8.3%

5 year median price trend for houses and units

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Caulfield North demographics

Caulfield North is home to 16,903 people, with a median age of 37 and a median household income of $2,205 a week (roughly $114,660 a year).

Couple families are the dominant family type: 45.5% are couple families without children and 42.3% are couple families with children, together making up 87.8% of families. One-parent families account for 10.6% and other families 1.7%.

In Caulfield North, owner-occupation is more common than renting: owner-occupiers total 59.0% of homes (32.3% owned outright and 26.7% owned with a mortgage), while renters make up 41.1%.

Suburbs near Caulfield North

Some popular suburbs near Caulfield North include:

  • Caulfield: Family-focused suburb with a mix of period and modern homes and local shops.
  • Malvern: Leafy suburb known for grand period homes and wide, tree-lined streets.
  • Malvern East: Quiet, residential neighbourhood with parks and a relaxed village atmosphere.
  • Caulfield East: Urban fringe area centred on established parks and light commercial pockets.
  • Armadale: Affluent suburb celebrated for ornate architecture and boutique shopping streets.

How does Caulfield North compare to nearby suburbs?

  • Median house prices: Caulfield North’s median house price is 5.4% higher than Caulfield’s.
  • Median unit prices: Caulfield North’s median unit price is 17.8% higher than Malvern East’s.
  • House price growth: Over the past 12 months, house prices in Caulfield North have grown 2.5% higher than in Caulfield.
  • Unit price growth: Over the past 12 months, unit prices in Caulfield North have grown 44.9% higher than in Caulfield East.
  • Selling speed for houses: Properties in Caulfield North are selling 46.7% faster than in Caulfield.
  • Selling speed for units: Properties in Caulfield North are selling 42.6% faster than in Caulfield.
  • Investment considerations: In Caulfield North, the rental yield for house is 56.9% higher than the Melbourne average, while the rental yield for units is 10.2% higher.
  • House price growth: Over the past 12 months, house prices in Caulfield North have grown 95.1% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Caulfield North have grown 1.5% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Caulfield North

In Caulfield North ,155 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 23.3% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.11% and 3.13%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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