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Suburb Insights ยท VIC 3162

Caulfield 3162, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Caulfield is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 5,748, making it a smaller community. Located approximately 10 km from the Melbourne CBD, Caulfield is a outer metro area in Victoria. The median household income is $111,436 AUD per year (ABS 2021 Census).

Investment Score

78 / 100 Good

Caulfield benefits from a high-income resident base, supporting premium property pricing. Close CBD access strengthens tenant appeal and resale value.

Location

Map shows Caulfield, Victoria, Australia.

Key Indicators

Postcode
3162

Official Australia Post postcode for Caulfield. A postcode may cover multiple suburbs.

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Population
5,748

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$475/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$111,436/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
10 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,500/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
36% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Caulfield's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $475/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. A median household income of $111,436/year supports premium property values and indicates a well-employed resident base. With only 36% separate houses, Caulfield has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Holding property in Caulfield over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Caulfield's rental market favours investors seeking yield โ€” occupancy rates are typically strong in this area.

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Renovation / Flip

Renovation or flip strategies in Caulfield face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Caulfield property

Full Property Analysis

30-year projections for Caulfield

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Strong

Property values in Caulfield should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Overall, investor sentiment toward Caulfield is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Caulfield a good suburb for investment?

Caulfield is a outer metro area in Victoria with a population of 5,748. The median rent is $475/week and the median household income is $111,436/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Caulfield?

Key demand drivers in Caulfield include affordability relative to inner suburbs and expanding infrastructure. 36% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Caulfield?

According to the ABS 2021 Census, Caulfield has a population of approximately 5,748. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Caulfield from the Melbourne CBD?

Caulfield is approximately 10 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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