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Caulfield North

POSTAL CODE: VIC, 3161
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Based on its average 5-year and quarterly capital gains CAULFIELD NORTH, 3161 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAULFIELD NORTH, 3161 obtained a 3.04% growth over a ten-year period. It ranks 3498th on our list of suburbs that property investors should look into.

CAULFIELD NORTH, 3161 in VIC belongs to the local government area of Glen Eira.

CAULFIELD NORTH, 3161 has a capital gain of -3.67% for the past year, which is lower than average compared to its 2.16% growth within a five-year period.

With the median home price in CAULFIELD NORTH sitting at $2,360,000, and the average rent at $677.5, property owners could potentially earn a 1.49% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CAULFIELD NORTH are low, as opposed to average gains per annum over the past five years.

Surburb overview

Caulfield North is an inner-south-eastern suburb of Melbourne located within the City of Glen Eira. The suburb sits approximately 10 kilometres south-east of the Melbourne central business district and is bordered by Caulfield, Elsternwick, Malvern and St Kilda East.

Caulfield North recorded a population of just over 15,000 residents at the 2021 census, reflecting its established inner-urban residential character. The demographic profile includes a mix of families, professionals and older residents, with a median age slightly above the metropolitan average.

Household composition is varied, including couples, families with children, and single-person households. Housing in Caulfield North comprises a mix of detached period homes, including Victorian and Edwardian dwellings, as well as townhouses and low- to mid-rise apartment developments. Residential density is higher near major roads and tram corridors, while interior streets retain a traditional suburban form.

Public transport access is a key feature, with multiple tram routes operating along Malvern Road, Hawthorn Road and Balaclava Road, providing frequent connections to the CBD and surrounding inner suburbs. 

There is no railway station within Caulfield North itself, though nearby stations at Caulfield, Elsternwick and Balaclava provide access to the metropolitan rail network. Road access is supported by arterial routes such as Hawthorn Road and Inkerman Road, which facilitate local travel but experience congestion during peak periods.

Local shopping and service amenities are provided along neighbourhood strips on Hawthorn Road and Malvern Road, including supermarkets, cafés, medical clinics, and everyday retail. Larger retail and commercial centres are accessible in nearby suburbs, including Caulfield, Elsternwick and St Kilda.

Educational facilities in and around Caulfield North include several primary schools, as well as secondary schools and tertiary institutions across the inner south-east. 

Caulfield Park is a major recreational asset, providing extensive open space, sporting fields, playgrounds, and walking paths for residents. Additional local reserves and tree-lined streets support informal recreation and active transport.

Employment among residents spans professional services, education, health care and retail, with many commuting to inner-city employment hubs.

Caulfield North’s character is shaped by its inner-suburban location, transport connectivity and mix of established housing and local services within Melbourne’s south-east.

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