649 Glen Huntly Road, Caulfield VIC 3162
649 Glen Huntly Road, Caulfield VIC 3162
3-bed 2-bath 2-car | rare mid-rise apartment | Caulfield Rise development | family and downsizer pull | retail strip context
The configuration here stands out in the local apartment market. A three-bedroom, two-bathroom, two-car apartment is not the typical unit stock in this corridor, where one- and two-bedroom layouts dominate. In this building specifically, only three of the forty-seven residences are three-bedroom, so this unit occupies a genuinely scarce position. That rarity is reinforced by the development format — a mid-rise project above basement parking, with ground-floor retail — which gives it a scale and presence that smaller walk-up blocks cannot match. The location on Glen Huntly Road places it on a transit-and-retail strip with tram and train access, so the property is best suited to family buyers or downsizers who want space, parking, and proximity without moving to a detached house. For that buyer, the combination of size, parking, and position is the competitive edge.
The final built form may be affected by an unresolved permit amendment that sought a seventh storey, so the completed height and layout should be confirmed. The apartment’s floor level, aspect, and interior finishes are not fully documented, and those factors might move its value noticeably relative to comparable units. Ground-floor retail activity could add convenience but also street presence, and that trade-off may influence owner-occupier appeal. These points are worth weighing when forming a view on price.
>> Comparable Sales: 101/649 Glen Huntly Road (3-2-2) and 4/976-978 Glen Huntly Road (2-1-1) | Property Price Band: $1.7M–$1.8M | Value Drivers: layout, parking provision, position within the development
Detailed Independent Property Report prepared by PropCred Analyst team for 649 Glen Huntly Road, Caulfield VIC 3162
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Caulfield, 10km southeast of the CBD, remains a high-income family suburb where a median age of 44 and 48% mortgage ownership indicate established, rate-sensitive demand. Quality schools, tram and train connectivity, and historic housing stock attract buyers, but the price data reveal a fragmented market. Median house prices span $1.6m-$2.0m depending on source, with annual growth ranging from +8.6% to -23.2%-a volatility pointing to affordability limits and sharp rate sensitivity. Units are similarly broad, with medians from $667k to $919k; gross rental yields sit around 3.3-4.3%. House rents of $950-$1,037 weekly and unit rents of $590-$685, with days on market of 40-57 and low annual sales (50-123), suggest thin but stable turnover. Future gains depend on continued demand for its schooling and transport corridors; the dominant risk is that high mortgage exposure and stretched prices trigger further correction.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
150m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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