7/9 Wilks Street, Caulfield North VIC 3161
7/9 Wilks Street, Caulfield North VIC 3161
2 bed 1 bath 1 car apartment | standard stock in a premium pocket | strong rental demand | school catchment likely | quality spread on street
This unit sits in a well-established, sought-after suburb where apartment stock is consistently absorbed by professionals and downsizers. The 2/1/1 configuration is the most liquid floorplan in this market, appealing to buyers who want low-maintenance living without sacrificing location. The property is positioned within a walkable, amenity-rich corridor close to shops, transport, and schools, which broadens its appeal beyond just investors. For a first home buyer or an investor looking for steady rental demand, this unit offers a practical entry point into a suburb that rarely disappoints on lifestyle. The street itself carries a mix of standard apartments and premium townhouse-style residences, so the immediate neighbourhood has a varied character rather than a uniform one.
The main value considerations revolve around building quality and internal condition, since these factors will separate this unit from the higher-end stock nearby. The apartment may not offer the premium finishes or private lift access seen in some neighbouring buildings, so its price will likely reflect a more modest standard. Rental yield potential is reasonable given the compact configuration, but the absence of confirmed on-site amenities or a standout aspect could limit upside. Buyers should weigh the age of the building and any strata fees carefully, as these may affect long-term holding costs.
|| Comparable Sales: 109/1 Wilks Street sold for $615,000 in Dec 2023; 9/3 Wilks Street sold Oct 2024, price undisclosed | Property Price Band: $600K–$700K | Value Drivers: configuration, building quality, location within walking distance to amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 7/9 Wilks Street, Caulfield North VIC 3161
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Caulfield North is an established inner-city suburb drawing young professionals and families, with the dominant 20-39 age cohort, childless couples, and 58.9% owner-occupiers. Demand is anchored by Monash University Caulfield and elite school catchments including Mount Scopus and Caulfield Grammar. House prices have corrected to a $2.019M–$2.351M range, with annual growth between -1.2% and -6.0%; units sit at $575,000–$635,000, down 4.1% to 20.3%. Houses trade in 48–54 days, yet auction clearance rates remain competitive at 82.8%. Rental yields are thin for houses at 2.28% but firmer for units at up to 5.7%. Future growth relies on continued education-linked demand and transport access, though high entry prices and rate sensitivity cap upside.
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PropCred Estimated Value
Comparable Sales: 109/1 Wilks Street sold for $615,000 in Dec 2023; 9/3 Wilks Street sold Oct 2024, price undisclosed | Property Price Band: $600K–$700K | Value Drivers: configuration, building quality, location within walking distance to amenities
Bedrooms
2
Bathroom
1
Parking
1
Land
1434m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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