Suburb Profile – Caulfield South
Unique heritage charm, a vibrant cultural community and close proximity to the Melbourne CBD – just 13km – has made Caulfield South one of the most sought-after suburbs in Melbourne’s inner southeast.
With some of Melbourne’s best performing schools on its doorstep, including Caulfield Grammar, Caulfield South is very popular with families with children. In fact, the predominant age group in Caulfield South is 0-14 years.
The suburb also offers a relaxed yet stylish lifestyle with Hawthorn Rd and the expansive grounds of Princes Park at the heart of the action. Caulfield South is also well serviced by public transport with two tram lines running through it. Glen Huntly and Ormond train stations are also conveniently located nearby.
The demand for property in the area has seen the median sale price of a house increase 139% over the ten years from 2005-2015. Since 2014 it has been hovering between $1 – $1.5 million dollars.
Apartments in the area are also very popular, which is reflected in the sale process being achieved. While the majority of apartments (40%) in the year to November 2016 sold for between $500k and $1million, 30% also sold for over $1 million.
With interest in the blue-chip suburb continuing to grow, demand for apartments and townhouses in the area is predicted to rise, ensuring Caulfield South will remain one of Melbourne’s strongest performing property markets.
– Last updated November 2016.