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Caulfield, VIC 3162

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Walkable

Median House

$1,890,000

market range $1.9M-$1.9M

Median Unit

$810,000

market range $700K-$1.2M

Gross Yield (houses)

3.0%

1yr Growth (houses)

-6.9%

market range -10.0% to +2.5%

Investment snapshot for Caulfield

Caulfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Caulfield market and investor summary

In Caulfield, VIC 3162, the median house sells for around $1.9M, on a gross rental yield of 3.0% for houses. House prices have moved -6.9% over the past year and +5.8% over three years. At 2.5% vacancy, it is a broadly balanced rental market.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Caulfield: people, income and schools

About 5,748 people live in Caulfield, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and families account for 68% of households.

The typical household income runs to around $111,000 a year (about $2,140 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 17.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.

Families have 99 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Caulfield sits about 9.6 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 73 for walkability and 99 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).

Population
5,748
+3% over 5yr
Median age
42 years
Median household income
$111,000/yr
Households renting
32%
Family households
68%
Socio-economic rank
10/10
ABS advantage index
Schools within 5km
99
avg ICSEA 1124
Unemployment
3.8%
Distance to CBD
9.6 km
Walk score
73/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Caulfield

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Frequently asked questions about Caulfield

What should I check before investing in Caulfield?

Caulfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Walkability score of 73 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Caulfield?

The median property price in Caulfield, VIC 3162 is $1.9M for houses and $810K for units.

What rental yield does Caulfield show?

The gross rental yield in Caulfield is 3.0% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Caulfield?

House prices in Caulfield are down 6.9% over the past year and up 5.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Caulfield?

The current vacancy rate in Caulfield is 2.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

How many people live in Caulfield?

Caulfield has a population of approximately 5,748 residents, with a median age of 42.

What schools are near Caulfield?

There are 99 schools within roughly 5km of Caulfield. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Caulfield affordable to buy in?

A median house in Caulfield costs about 17.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Caulfield's population growing?

The population of Caulfield has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Caulfield from the CBD?

Caulfield is about 9.6 km from the CBD.

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