Caulfield

Caulfield, VIC 3162 is a vibrant suburb with a diverse population of around 5,748 residents. The area has a mix of age groups with good amenities for families and professionals alike. The suburb offers various commuting options, with a significant number of residents working from home. The median household income is relatively high, reflecting a well-off community. For Houses, Caulfield presents an opportunity for renovators given the high saleprice IQR ratio. The suburb has seen steady population growth over the years, indicating sustained demand for housing. With a low vacancy rate and room demand-supply ratio, the rental market for Houses could be lucrative. For Units, the market might be more competitive, but the higher yield median can be attractive for investors seeking stable returns. Caulfield, VIC 3162 offers a well-connected and desirable lifestyle for residents. Investors interested in Houses could benefit from the suburb's potential for renovation projects and strong rental market conditions. Those looking at Units might find the higher yield appealing, although competition could be a factor to consider. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022