NSW has seen average median house prices change by 7.15% which means that Croydon, 2132 has done well for property investors by showing a capital gain of 1.43% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Croydon has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Croydon itself are offering an average vendor discount of -8.54% to real estate investors.
At number 1116 in a list of fastest selling suburbs, Croydon is in the TOP 30% of suburbs in Australia with an average of days on market 63.6 for properties listed there.
Using the current median advertised rental of $647.5 and the average annual increase in value of a median property of 8.76%, investors should hope to achieve an overall return of 2.37%
Giving property investors a a poor capital gain of -6.25% for the last year, Croydon, 2132 is the 1458th highest performer in Australia in this respect.
Croydon,2132 was ranked 1240 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -2.55% to buyers in Croydon at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Croydon the average time real estate has been on the market is 57.62 days.
Using the current median advertised rental of $499.5 and the average annual increase in value of a median property of 6.85%, investors should hope to achieve an overall return of 3.72%