Caulfield, located in the south-eastern suburbs of Melbourne, is a vibrant and culturally diverse area known for its excellent amenities, lush green parks, and strong community feel. With a mix of heritage homes and modern developments, Caulfield is attractive to families, professionals, and students alike. This article explores the best residential areas in Caulfield, highlighting their unique characteristics, housing options, and average prices.
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Caulfield North
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Caulfield North is a family-friendly suburb with beautiful tree-lined streets and a mix of period homes and contemporary townhouses. It is well-regarded for its top-rated schools and parks, making it a popular choice for families.
Characteristics of the Caulfield North
* Culture: Diverse community with family-oriented events.
* Transportation: Well-serviced by tram and train, easy access to the city.
* Services: Multiple shopping precincts, cafes, and recreational facilities.
* Environment: Peaceful, friendly, and vibrant.
Housing Options in the Caulfield North
Victorian homes, Modern townhouses, Apartments.
Average Home Prices in the Caulfield North
* Buying: $1,300,000 – $1,800,000
* Renting: $1,200 – $1,800/month
Caulfield South
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Known for its great community spirit, Caulfield South features leafy streets and is close to popular parks and schools. The suburb has a mix of residential options, including classic houses and modern flats.
Characteristics of the Caulfield South
* Culture: Community-focussed with local markets and events.
* Transportation: Excellent public transport links and bike paths.
* Services: Good local shops, large supermarkets, and cafes.
* Environment: Lively yet serene.
Housing Options in the Caulfield South
Single-family homes, Units, Flats.
Average Home Prices in the Caulfield South
* Buying: $950,000 – $1,500,000
* Renting: $1,100 – $1,600/month
Caulfield East
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Caulfield East is a vibrant suburb often chosen by students and young professionals due to its proximity to Monash University and excellent public transport. The area is bustling with cafes, eateries, and shops.
Characteristics of the Caulfield East
* Culture: Young and dynamic community with diverse food options.
* Transportation: Trains and trams connect to the CBD and surrounding suburbs.
* Services: Close to shopping centres, gyms, and parks.
* Environment: Energetic and urban.
Housing Options in the Caulfield East
Apartments, Shared houses, Studios.
Average Home Prices in the Caulfield East
* Buying: $600,000 – $900,000
* Renting: $800 – $1,200/month
Caulfield Village
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Caulfield Village is a newer development offering contemporary living with access to essential services, schools, and parks. It is popular among both families and young professionals seeking modern amenities.
Characteristics of the Caulfield Village
* Culture: Community hub with regular events and markets.
* Transportation: Well-connected via tram and train services.
* Services: Various retail options, restaurants, and health services.
* Environment: Modern and inclusive.
Housing Options in the Caulfield Village
Contemporary apartments, Townhouses.
Average Home Prices in the Caulfield Village
* Buying: $700,000 – $1,200,000
* Renting: $1,000 – $1,500/month
Elsternwick
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Just to the north of Caulfield, Elsternwick is known for its charming cafes, shops, and vibrant nightlife. The suburb boasts a fantastic mix of historic homes and modern developments, catering to a diverse demographic.
Characteristics of the Elsternwick
* Culture: Artistic and trendy with a strong food culture.
* Transportation: Tram routes provide quick access to Melbourne's CBD.
* Services: Cafes, restaurants, shopping centres, and entertainment.
* Environment: Lively with a cosmopolitan touch.
Housing Options in the Elsternwick
Victorian homes, New apartments, Townhouses.
Average Home Prices in the Elsternwick
* Buying: $1,200,000 – $1,800,000
* Renting: $1,250 – $1,800/month
Glen Huntly
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Although slightly away from the heart of Caulfield, Glen Huntly offers a more suburban feel, perfect for families and retirees. The area has plenty of amenities, including parks, schools, and retail options.
Characteristics of the Glen Huntly
* Culture: Family-friendly; various community activities throughout the year.
* Transportation: Access to train and tram lines leading into Melbourne.
* Services: Great local shops, supermarkets, and healthcare facilities.
* Environment: Quiet and community-oriented.
Housing Options in the Glen Huntly
Single-family homes, Townhouses, Apartments.
Average Home Prices in the Glen Huntly
* Buying: $800,000 – $1,200,000
* Renting: $900 – $1,400/month
Frequently Asked Questions About the Best Residential Areas in Caulfield:
The best suburbs in Caulfield include Caulfield North, Caulfield South, Caulfield East, Caulfield Village, Elsternwick, and Glen Huntly.
Caulfield North and Caulfield South are highly regarded for their family-friendly environment, excellent schools, and parks.
Caulfield East and Glen Huntly tend to offer more affordable rental options compared to other suburbs in the area.
Depending on the suburb, average home prices range from $600,000 in Caulfield East to over $1,800,000 in areas like Elsternwick.
Yes, Caulfield has excellent public transport options, including train and tram services linking the suburbs to Melbourne's CBD.
Caulfield East and Elsternwick are particularly appealing to young professionals due to their vibrant atmospheres and proximity to universities and workplaces.
Yes, Caulfield offers a variety of amenities, including shopping centres, cafes, parks, and community facilities throughout its suburbs.
The average rental yield in Caulfield can vary, but it typically ranges from 3% to 5%, depending on the suburb and property type.
Caulfield South and Caulfield North are known for their beautiful parks and green spaces, providing great recreational opportunities.
Caulfield Village features several new developments and modern living options that cater to young professionals and families.
Conclusion on the Best Residential Areas in Caulfield:
Caulfield presents a range of residential options, each with its unique features and advantages. Whether you prefer the vibrant community in Caulfield North, the contemporary lifestyle in Caulfield Village, or the suburban feel of Glen Huntly, there are various choices catering to different lifestyles and budgets. The strong public transport links make commuting easy, while the abundance of amenities caters to families, professionals, and students alike. This diverse suburb offers an enjoyable lifestyle, making it a fantastic place to call home.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.