Located approximately 10 kilometers southeast of Melbourne's central business district, Caulfield South is a thriving suburb known for its leafy streets, family-friendly atmosphere, and convenient amenities. Historically, the area was originally inhabited by the Wurundjeri Aboriginal people before European settlement in the mid-19th century.
The suburb experienced significant development during the interwar period, with the establishment of residential estates and the expansion of infrastructure.
Caulfield South has undergone gentrification in recent decades, attracting affluent families and young professionals seeking proximity to the city while enjoying a suburban lifestyle.
The suburb has seen improvements in housing stock, infrastructure, and community facilities, contributing to its reputation as a desirable residential area. House prices in Caulfield South have shown steady growth over the past decades, reflecting its popularity and strong demand from homebuyers.
Lifestyle
Caulfield South offers residents a diverse range of lifestyle options, with numerous reserves, parks, and recreational facilities scattered throughout the area. Residents enjoy outdoor activities such as walking, jogging, and cycling in local parks like Princes Park and Caulfield Park, which feature playgrounds, sports fields, and walking trails.
The suburb boasts a vibrant café culture, with trendy eateries, boutique coffee shops, and gourmet bakeries lining the main thoroughfares. Residents can indulge in delicious cuisine, artisanal coffee, and sweet treats while socializing with friends and neighbors. Caulfield South hosts various community events, festivals, and markets throughout the year, providing opportunities for residents to connect and celebrate local culture.
Pets are popular in Caulfield South, with many residents taking advantage of the pet-friendly parks and walking tracks for leisurely strolls with their furry companions. The suburb's dog-friendly cafes and pet stores cater to the needs of pet owners, offering pet-friendly dining options and a range of pet supplies and services.
School Zones
Caulfield South is within the catchment area of several reputable public primary schools, including Caulfield Primary School and Glen Eira College, known for their academic excellence and supportive learning environments. For Catholic education, neighboring suburbs offer primary schools such as St. Roch's Catholic Primary School and St. Aloysius Primary School.
Exclusive independent private schools, including Caulfield Grammar School and St. Catherine's School, attract affluent families seeking premium education options for their children. These schools offer comprehensive academic programs, state-of-the-art facilities, and extracurricular activities to support students' holistic development. The Glenallen School caters to students with special needs, providing tailored education and support services.
Demographics
From 2006 to 2021, Caulfield South has experienced steady growth in median weekly household income rising from $1,240 to $2,365 , reflecting economic prosperity and rising property values. Families make up a significant percentage of the suburb's population, alongside professionals, retirees, and students.
Demographic groups in Caulfield South are diverse, with multicultural communities from Australia, Europe, and Asia contributing to the suburb's cultural richness. The average income in Caulfield South compares favorably to the Australian average in ratio terms, indicating a high standard of living and sustained wealth accumulation over time.
Employment
Caulfield South boasts a diverse workforce, with professionals, white-collar workers, and tradespeople contributing to its economy. The top employers in the suburb include businesses in healthcare, education, retail, and professional services, providing a range of job opportunities to local residents.
Major industries of employment in Caulfield South encompass healthcare and social assistance, education and training, retail trade, and professional, scientific, and technical services. Many residents also commute to neighboring suburbs and the Melbourne CBD for work, with convenient access to public transportation and major employment hubs.
Transport
The main methods of transport in Caulfield South include private vehicles, buses, and trains, providing residents with convenient access to surrounding areas and the Melbourne CBD. The suburb is well-connected by major roads such as Nepean Highway and Glen Eira Road, facilitating easy travel by car.
Bus routes operated by Public Transport Victoria connect Caulfield South to key destinations across the region, offering frequent services throughout the day. Caulfield railway station provides additional transportation options, with regular train services to Melbourne's city center and other metropolitan areas. Private transport remains popular among residents, providing flexibility and convenience for commuting and leisure activities.
Shopping Centre's, Restaurants & Facilities
Caulfield South offers a range of shopping centers, restaurants, and facilities to cater to residents' needs and preferences. The suburb's walk score is high, with many amenities and services within walking distance of residential areas.
Local shopping precincts such as Caulfield Plaza and Caulfield Park Village feature supermarkets, specialty stores, and essential services, providing residents with convenient access to groceries, retail goods, and professional services. Residents also enjoy dining out at local restaurants, with a diverse selection of cuisines, from Asian fusion to modern Australian fare.
The suburb's parks, playgrounds, and recreational facilities offer opportunities for outdoor leisure activities, including sports, picnics, and family gatherings. Caulfield South is home to several sporting clubs and social groups, providing residents with opportunities to engage in community activities and connect with like-minded individuals.
Development
Dwellings in Caulfield South encompass a mix of residential properties, including detached houses, townhouses, and apartments. Development in the suburb has focused on infill projects, medium-density housing, and urban renewal initiatives, catering to growing demand for housing in the area.
While knock-down rebuilds, renovations, and redevelopments are common in Caulfield South, strict planning regulations and heritage considerations have influenced the pace and scale of development. Subdivision opportunities are limited due to land constraints and zoning restrictions, with most new developments concentrated in established residential areas.
Capital Growth
Over the past decades, Caulfield South has experienced steady capital growth across houses, townhouses, and units, driven by its desirable location, quality housing stock, and strong demand from homebuyers and investors. The suburb's proximity to amenities, transport links, and employment opportunities has contributed to its attractiveness and resilience in the property market.
Houses have performed at 9.7% for over 60 years, which is one of the longest top performing suburbs in Australia.
Factors driving capital growth in Caulfield South include limited housing supply, population growth, and ongoing infrastructure investment in the region. The suburb's diverse housing options and lifestyle appeal attract a wide range of buyers, including families, professionals, and downsizers looking for quality housing options in a sought-after location.
Cash Flow
The average cash flow for houses in Caulfield South reflects healthy rental yields and sustained demand from tenants seeking suburban living averaging 2.5% yields. Townhouses and units also offer attractive yields of 4.8%, appealing to investors seeking rental income and capital growth potential.
Common tenants of leased properties in Caulfield South include professionals, young families, and students, drawn to the area's proximity to amenities, public transport, and educational institutions. Rental demand remains robust, with vacancy rates for houses, townhouses, and units remaining low over the past decade, contributing to stable rental income for property investors.
Rental Demand
Caulfield South has experienced consistently low vacancy rates for houses, townhouses, and units over the past decade at 2%, indicating strong rental demand and limited rental stock availability. Since the COVID-19 pandemic, rental demand has remained very low at 1%, with many tenants seeking suburban living options close to amenities and public transport.
Driving forces behind rental demand in Caulfield South include population growth, lifestyle preferences, and employment opportunities in the surrounding area. Rental stock levels have decreased due to limited development opportunities and increasing demand for quality rental properties, leading to heightened competition among tenants and upward pressure on rental prices.
Why You Require a Buyers Agent in Caulfield South
The competition for real estate in Caulfield South is fierce, with low stock levels and high demand driving up property prices and competition among buyers. Stock levels are constantly low due to limited land availability and strict development regulations, creating opportunities for savvy investors and homebuyers to secure desirable properties.
A buyer's agent can provide invaluable assistance in navigating the competitive market, identifying off-market opportunities, and negotiating favorable terms on behalf of buyers. With their local expertise and industry connections, buyer's agents can help clients gain a competitive edge and secure their dream property in Caulfield South, ensuring a seamless and successful buying experience.
Having a buyers agent in your corner is crucial to your success in Caulfield South. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
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