Caulfield South

POSTAL CODE: VIC, 3162
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Property investors enjoyed capital gains of 12.28% over the last 12 months in CAULFIELD SOUTH, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 4.53% growth over a ten-year period. It ranks 3301st on our list of suburbs that property investors should look into.

CAULFIELD SOUTH, 3162 has a capital gain of 12.28% for the past year, which is higher than average compared to its 16.29% growth within a five-year period.

With the median home price in CAULFIELD SOUTH sitting at $2,035,000, and the average rent at $872.5, property owners could potentially earn a 2.23% increase in gross rental yield.

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

CAULFIELD SOUTH, 3162 in VIC belongs to the local government area of Glen Eira.

Surburb overview

Caulfield South is an inner-south-eastern suburb of Melbourne located within the City of Glen Eira. The suburb is positioned approximately 11 kilometres south-east of the Melbourne central business district and is bordered by Caulfield, Elsternwick, Gardenvale and Brighton East.

Caulfield South recorded a population of just over 11,000 residents at the 2021 census, reflecting its established residential character and moderate density. The demographic profile includes a mix of families, professionals and older residents, with a median age slightly above the metropolitan average.

Household composition is diverse, with a combination of family households, couples and single-person households. Housing in Caulfield South is predominantly detached dwellings, including post-war homes and renovated period houses, as well as townhouses and low-rise apartment developments. Residential density is higher near major roads and transport corridors, while interior streets retain a quieter suburban form.

Public transport access is primarily tram-based, with multiple routes operating along Hawthorn Road, Glen Huntly Road and nearby arterial roads. There is no railway station within Caulfield South itself, though nearby stations at Elsternwick, Glen Huntly and Caulfield provide access to the metropolitan rail network. 

Road connectivity is supported by Hawthorn Road, Nepean Highway and North Road, facilitating travel across Melbourne’s inner south-east but experiencing congestion during peak periods.

Local shopping and service amenities are provided along neighbourhood strips on Hawthorn Road and Glen Huntly Road, including supermarkets, cafés, medical clinics and everyday retail. Additional retail and dining options are accessible in nearby centres such as Elsternwick, Brighton and Bentleigh.

Educational facilities in and around Caulfield South include several primary schools, as well as access to secondary schools and tertiary institutions in surrounding suburbs.

Recreational amenities include proximity to Elsternwick Park, which provides large open spaces, sporting fields and walking paths used by residents. Local parks, playgrounds and tree-lined streets support informal recreation and active transport.

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

Caulfield South’s character is shaped by its inner-suburban location, established housing stock and access to local services and open space within Melbourne’s south-east.

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