Caulfield South sits right in the upsizer's sweet spot. Three and four-bedroom family homes, priced from around $1.639m to $2.101m, land squarely in the $1.2m to $2m range where buyers are most active, and they are clearing solidly, the four-bedroom homes at around two in three from a deep pool of sales. Two-bedroom houses are clearing at close to nine in ten.
Condition matters throughout. Turn-key homes that are beautifully presented and ready to move into are drawing the strongest competition, in keeping with the confidence now returning to this market.
With clearance rates consistently healthy and buyers back engaging confidently, the market has shifted towards balance and momentum is building into spring. For vendors of a quality family home, the timing is genuinely encouraging. Trusting sound advice on pricing and presentation, and bringing the home to market well prepared, is what turns strong upsizer demand into a competitive result.
Median sale price for houses in Caulfield South is $1,822,500, up 6.0% from last year.
Median sale price for units in Caulfield South is $904,000, up 11.7% from last year.
Properties sold for houses in Caulfield South is 156, down 8.2% from last year.
Properties sold for units in Caulfield South is 81, down 51.2% from last year.
Auction clearance for houses in Caulfield South is 73.6%, down 11.0% from last year.
Auction clearance for units in Caulfield South is 81.8%, up 17.9% from last year.
Av days on market for houses in Caulfield South is 44, down 12.0% from last year.
Av days on market for units in Caulfield South is 39, down 11.4% from last year.
$2,100,000
$2,015,000
$1,850,000
$1,822,500
$1,666,000
$1,380,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
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