Caulfield East remains one of the smallest markets covered in this update, home to just under 1,300 people and shaped heavily by the nearby university and racecourse. Volumes are genuinely thin, 17 house sales and 18 unit sales this year, so prices here can swing significantly year to year as a result.
What is consistent is the entry-level character of the market. Units are clearing at 60.0 per cent in around a month, and this is exactly the kind of affordable, well-located stock that interstate investors continue to be drawn to, particularly where a property is turn-key and priced to recent comparable sales.
Buyers can expect stronger stock levels through spring more broadly, and with appraisals rising after a quiet winter across the wider area, investors remain the dominant buyer type here, with virtually all activity sitting under $700,000.
Median sale price for houses in Caulfield East is $1,420,000, down 18.4% from last year.
Median sale price for units in Caulfield East is $280,500, down 53.2% from last year.
Properties sold for houses in Caulfield East is 15, down 6.3% from last year.
Properties sold for units in Caulfield East is 20, up 17.6% from last year.
Auction clearance for houses in Caulfield East is 71.4%, down 22.6% from last year.
Auction clearance for units in Caulfield East is 60.0%, down 20.0% from last year.
Av days on market for units in Caulfield East is 25
$1,967,500
$1,960,000
$1,830,000
$1,442,500
$1,420,000
$1,380,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Would you hand the keys to your brand-new car to someone you barely know without making sure it was insured? It's a question we often ask investors when discussing landlord insurance.
Before a prospective renter walks through the door, much of the work that determines a successful tenancy should already be underway.
You check your phone, hoping for an update. Another inspection has finished, and you’re waiting to hear whether someone has applied.
Buying an investment property is exciting. Between finance, contracts, building inspections and settlement, there is a lot happening in a relatively short period of time.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Carnegie's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
