Question 1

Is Caulfield South a nice place to live?

Accepted Answer

Caulfield South is an established inner-south-eastern suburb with leafy streets where Edwardian and interwar villas with mature gardens sit alongside pockets of low-rise apartments. It attracts families and residents who prefer a quieter, well-established neighbourhood while staying close to public transport, with the Caulfield train precinct and several tram routes within easy reach. Local shopping and café strips are nearby, and there are ample parks, sports fields and the Caulfield Racecourse for recreation and green space.

The suburb has a community of 12,328 people, a median age of 41 and a median household income of $2,365 a week (about $123,000 a year). Couple families with children are the largest family type at 50.7% and owner-occupiers make up 73.4% of homes. Recent open-space improvements include an upgraded Princes Park playspace, the new Aileen Avenue Park of about 1,500 square metres, and staged works at Marara Road Reserve with further designs ready for construction. Whether Caulfield South suits you will come down to whether you value an established residential setting close to transport and parks.

Question 2

Is it expensive to live in Caulfield South?

Accepted Answer

Housing costs in Caulfield South sit quite differently for buyers and renters when measured against local incomes at the last Census. The median house price of $1,850,000 is about 15.0 times a typical local household's annual income at the last Census, which is well above local incomes, while the median unit price of $615,000 is about 5.0 times a local year's household income, which is somewhat above local incomes.

Looking at rents, a house at $995 a week would take about 42.0% of a typical local household's weekly income at the last Census, a large share of income, while a unit at $673 a week would take about 28.5%, a moderate share. Whether that feels 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 South a good place to invest?

Accepted Answer

The clearest movement in Caulfield South over the past 12 months has been on the unit side: unit rents jumped 14.1% and unit values rose 11.7%. Both of those are large increases compared with the house side.

House rents rose a solid 7.0% and house values rose 6.0%. Rents outpaced values for both property types this year (7.0% versus 6.0% for houses; 14.1% versus 11.7% for units). If rental income is your priority, the unit rent figure will be the most relevant; if capital growth matters more, unit values were the stronger mover this year. Which of those outcomes matters to you depends on your 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	$615K
Change in value Past 12 months	6.0%	11.7%
Sold Past 3 months	40	12
Median days on market Past 12 months	44	39
Average rent Past 12 months	$995	$673
Change in rent Past 12 months	7.0%	14.1%

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