Caulfield East Property Growth

Caulfield railway station, a major interchange, sits within Caulfield East and connects to Route 3/3a trams as well as bus routes 624 and 900 (the latter a SmartBus service running from Caulfield station through to Rowville). Tram routes 3 and 3a run past Monash University's Caulfield campus on Dandenong Road, while routes 5 and 64 service the Wattletree Road corridor on the suburb's northern edge. Major Roads: Dandenong Road, Booran Road, Grange Road, Neerim Road. Train Lines: Caulfield station (Frankston, Cranbourne and Pakenham lines). Tram Lines: Routes 3, 3a, 5, 64. Caulfield East is approximately 10 km from the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.

Glen Eira College, a government secondary school located within Caulfield East, recorded a median ATAR of 70 in 2025, ranking it among the stronger-performing non-selective public schools in Victoria. Monash University's Caulfield campus, home to around 13,400 students, is the suburb's major tertiary institution. Always confirm the applicable government school zone for a specific address via the Department of Education's Find My School tool.

Caulfield East's character is shaped by its large institutional landholdings rather than a conventional retail strip: Caulfield Racecourse (home to the Caulfield Cup) and Monash University's Caulfield campus, whose 2017–2030 masterplan has introduced new pedestrian-focused public spaces and removed redundant internal roads, both sit within the suburb. Nearby Derby Road and Caulfield Village provide day-to-day shopping options for the limited residential population.

Major Employment Hubs: Monash University's Caulfield campus is a significant employer and activity generator for the suburb, alongside Caulfield Racecourse (via the Melbourne Racing Club) and the Caulfield station transport interchange. Commercial Centres: the Derby Road shopping strip and Caulfield Village, both identified in Glen Eira Council's Caulfield Structure Plan as key commercial nodes.

The Caulfield Structure Plan, led by Glen Eira City Council (having taken over from the Victorian Planning Authority in late 2020) and adopted by Council in September 2022, covers Caulfield station, Caulfield Racecourse Reserve, Monash University's Caulfield campus, Glen Eira College, the Derby Road shopping strip, Caulfield Village, Glen Huntly Park and the East Caulfield Recreation Reserve — effectively the whole of Caulfield East. Longer-term possibilities flagged in council and state planning material include potential redevelopment of Melbourne Racing Club land at Caulfield Racecourse for community use, and upgrades to Caulfield station to accommodate longer, high-capacity trains as part of the broader Cranbourne–Pakenham line works — these remain longer-term possibilities rather than confirmed, funded projects. Check Infrastructure Australia's project pipeline, State Government announcements or Glen Eira City Council's website for the latest updates.

• Caulfield station interchange — A major rail and tram interchange within the suburb gives Caulfield East strong transport connectivity relative to its small footprint.
• Monash University Caulfield campus — With roughly 13,400 students, the campus drives sustained rental demand for nearby housing and student accommodation.
• Caulfield Structure Plan — Council's adopted structure plan provides a clear, coordinated long-term framework for development around the station, university and racecourse precincts.
• Institutional land use limiting new housing supply — Because so much of Caulfield East is occupied by the racecourse, university and Glen Eira College, the residential footprint is naturally constrained, which can support scarcity value for the housing stock that does exist.

• Very thin sales sample — Caulfield East has a small residential population (around 1,300 at the 2021 Census) and correspondingly few house and unit sales each year; reported median prices and growth rates (including a sharp reported fall in unit prices) should be treated with significant caution and are flagged here as LOWER CONFIDENCE — worth a manual spot-check.
• High renter concentration — With close to half of all occupied dwellings rented, Caulfield East's small market can be more exposed to shifts in the student and rental cycle than owner-occupier-dominated suburbs.
• Interest rate and lending sensitivity — Like all property markets, Caulfield East's values and buyer activity are sensitive to changes in interest rates and lending conditions.

• ABS
  Census QuickStats— https://www.abs.gov.au/census
• Local Council
  City of Glen Eira— https://www.gleneira.vic.gov.au/
• Department of Transport Victoria
  Department of Transport and Planning Victoria— https://www.transport.vic.gov.au/
• Victorian Planning Authority
  https://vpa.vic.gov.au/— https://vpa.vic.gov.au/
• Infrastructure Australia
  Project Pipeline— https://www.infrastructureaustralia.gov.au/