Caulfield North sits in Melbourne’s south east — a suburb that runs vibrant, mixed, cosmopolitan. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Caulfield North 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $448/wk | $1941/mo | $23,296/yr |
| 2-bedroom unit | $604/wk | $2617/mo | $31,408/yr |
| 3-bedroom house | $776/wk | $3362/mo | $40,352/yr |
Rents in Caulfield North have held relatively steady compared to 2025. The vacancy rate sits at 2.0%, which is moderate — you have some negotiating room.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,368,545 | +2.1% |
| Unit/Apartment | $590,402 | +3.1% |
Gross rental yield: 4.4% (units tend to yield higher than houses in Caulfield North).
Who Lives Here
Caulfield North attracts predominantly young professionals and couples. The suburb is known for Caulfield North local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 25-35
- Household: Couples and young families
- Income: Around metro median
Renting Tips for Caulfield North
Apply fast. Good properties in Caulfield North get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Young Crescent. The main strip is where rent premiums hit hardest. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 24 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Public transport options in Caulfield North).
Investment Outlook
Caulfield North is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 4.4% gross yield is above the metro average.
Key factors:
- Transport: Public transport options in Caulfield North
- Schools: Mix of public schools and nearby private colleges
- Infrastructure: Cycling infrastructure improvements coming 2026-2027
Suburb Character & Lifestyle
Caulfield North runs vibrant, mixed, cosmopolitan. The main commercial strip along Young Crescent is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Caulfield North local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is largely character homes on established streets with some newer townhouse developments. For renters, the most common options are 1-2 bedroom apartments in newer builds along the main road. For buyers, the entry point is typically a 2-bedroom terrace needing renovation at the lower end of the market.
Transport reality: Public transport options in Caulfield North. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $4.50-5.50 |
| Brunch | $19-28 |
| Dinner out | $28-45 pp |
| Pint of beer | $12-14 |
| Cocktail | $19-25 |
| Groceries | $125/wk (couple) |
| Utilities | $238/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Caulfield North has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is vibrant, mixed, cosmopolitan, which attracts a diverse mix of residents from young renters to established families.
5-year outlook: Above-average growth potential due to demand-supply imbalance. The fundamentals — location, transport, lifestyle amenity — are strong.
What to watch: Transport upgrades will improve connectivity.
Nearby
- Brighton Property
- Caulfield North Cost of Living
- Caulfield North Things to Do
- Compare Suburbs
- All Caulfield North Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Rent Guide in Caulfield North
- Honest Guide in Caulfield North
- Transport Guide in Caulfield North
- Cost Of Living in Caulfield North
Useful tools:
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