Caulfield Property Market
& Suburb Profile

The lifestyle in Caulfield is anchored by its immense open spaces and deep cultural roots. Caulfield Park serves as the community's primary green lung, a 26-hectare oasis where residents gather for everything from morning lakeside walks to competitive weekend cricket and soccer. The suburb is also famous for the Caulfield Racecourse, which is currently being reimagined as "Caulfield Commons."

Socially, the area is defined by its vibrant Jewish heritage, reflected in the elite kosher bakeries, specialised delis, and synagogues that line Glen Huntly and Hawthorn Roads, creating a cosmopolitan atmosphere unique to Melbourne's southeast.

Significant infrastructure achievements are currently reshaping daily life in the suburb. Following the successful removal of level crossings at Glen Huntly and Neerim Roads, the area has transitioned into a "boom-gate free" environment with modern station precincts and improved pedestrian plazas.

Caulfield Railway Station now serves as a critical interchange, offering "turn-up-and-go" services that provide direct, high-frequency links to new underground stations at Town Hall, State Library, and the Parkville medical and university precinct. While residents are enjoying these new links, they should note that essential network maintenance is causing temporary bus replacements between Caulfield and Westall from December 15 to 18, 2025.

Education and community investment remain central to the suburb’s enduring appeal. Caulfield Primary School is a local pillar, recognised for its unique bilingual English-Japanese curriculum, while Caulfield South Primary is highly sought after for its strong STEM programs and community engagement.

From a property perspective, Caulfield is a high-value and resilient market with a long average property hold period. The housing stock is a prestigious mix of original Victorian and Edwardian estates, meticulously maintained California Bungalows, and an increasing selection of high-end boutique apartments near the rail corridor. While larger four and five-bedroom homes frequently command premium interest. Recent years have also seen growth in the luxury apartment segment, particularly through developments like "Olive Green" in Caulfield South. With a high owner-occupation rate and its new status as a major transport gateway, the suburb continues to be a top-tier choice for those seeking stability and prestige in Melbourne’s inner southeast.