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Boweya vs Caulfield

Property investment comparison - Boweya, VIC 3675 vs Caulfield, VIC 3162

Head-to-head across core investment metrics: Boweya wins 2, Caulfield wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricBoweyaCaulfield
Median house price$1.9M$1.9M
Median unit price$430K$810K
Gross rental yield (houses)-3.00%
Gross rental yield (units)4.07%-
1-year house growth--6.9%
3-year house growth-+5.8%
Vacancy rate-2.5%
Population515,748

Boweya vs Caulfield: what the numbers say

The median house price is $1.9M in Boweya and $1.9M in Caulfield, so Boweya is the cheaper entry point, with Caulfield houses about 1% dearer.

For units, Boweya sits at a median of $430K against $810K in Caulfield, which makes Boweya the more affordable unit market and Caulfield the pricier one.

Caulfield is the bigger suburb, with a population of 5,748 against 51, roughly 113 times the size of Boweya; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Boweya for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Boweya vs Caulfield: Property Investment Comparison (2026)