Caulfield South sits in Melbourne’s south east — a suburb that runs creative, walkable, authentic. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Caulfield South 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $432/wk | $1872/mo | $22,464/yr |
| 2-bedroom unit | $636/wk | $2756/mo | $33,072/yr |
| 3-bedroom house | $790/wk | $3423/mo | $41,080/yr |
Rents in Caulfield South have risen by 3-5% compared to 2025. The vacancy rate sits at 1.7%, which is tight — expect competition for good properties.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,326,873 | -0.8% |
| Unit/Apartment | $647,322 | -1.2% |
Gross rental yield: 4.0% (units tend to yield higher than houses in Caulfield South).
Who Lives Here
Caulfield South attracts a diverse mix of demographics. The suburb is known for Caulfield South local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 25-40
- Household: Mix of singles, couples, and families
- Income: Above metro average
Renting Tips for Caulfield South
Apply fast. Good properties in Caulfield South 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 Maple Grove. 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 48 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 South).
Investment Outlook
Caulfield South is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 4.0% gross yield is around the metro average.
Key factors:
- Transport: Public transport options in Caulfield South
- Schools: Good public school zone
- Infrastructure: Shopping centre expansion in planning phase
Suburb Character & Lifestyle
Caulfield South runs creative, walkable, authentic. The main commercial strip along Maple Grove 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 South local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is a blend of period homes near the centre and newer estates towards the edges. For renters, the most common options are rooms in shared Victorian terraces. For buyers, the entry point is typically a townhouse on a smaller block at the lower end of the market.
Transport reality: Public transport options in Caulfield South. 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 | $162/wk (couple) |
| Utilities | $217/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Caulfield South has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is creative, walkable, authentic, which attracts families seeking quality schools and green space.
5-year outlook: Moderate, steady capital growth expected. The fundamentals — location, transport, lifestyle amenity — are solid.
What to watch: School zone redistricting in 2027 may affect demand.
Nearby
- Brighton Property
- Caulfield South Cost of Living
- Caulfield South Things to Do
- Compare Suburbs
- All Caulfield South Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Caulfield South
- Coworking Guide in Caulfield South
- Council Services in Caulfield South
- Library Guide in Caulfield South
- Playground Guide in Caulfield South
Useful tools:

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