Property value increases in Croydon have tracked just lower than the NSW average of 7.93% over the last 12 months.
A 64.54% growth in median value for property investors in Croydon,2132 puts this suburb at number 1038th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Croydon are currently offering property investors an average price cut of -8.54% below the asking price at the moment.
At number 1115 in a list of fastest selling suburbs, Croydon is in the TOP 30% of suburbs in Australia with an average of days on market 62.5 for properties listed there.
Using the current median advertised rental of $645 and the average annual increase in value of a median property of 8.84%, investors should hope to achieve an overall return of 2.36%
Croydon, 2132 ranked 538th in NSW when comparing growth in median property values or capital gain over the last 12 months. Croydon is one of 3162 in our list for NSW
Taking the average capital gain, or increase in median house value, Croydon,2132 has racked up an average of -12.55% over the period. This ranks it number 359th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Croydon should be aiming for at least -1.85% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Croydon, 2132 is in the Burwood local government area.