Investment property in Croydon has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.01%
While Croydon,2132 ranked number 1141th in NSW for increase in median house value (annualised) increase, it is ranked 199th over the last 5 years.
The most recent median price for Croydon is $1685000, with sellers offering an average of -12.50% off the asking price.
With the median price for a house in Croydon being $1685000 and the advertised rent reaching $645 the gross rental yield for property investors calculates out to be 1.99%
Over the last year, property investments in Croydon, 2132 have given investors a capital gain of 13.24%. This compares favourably with the 8.01% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Croydon comes in at number 306th in NSW.
Property investors looking for a bargain in Croydon should be aiming for at least -3.38% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 47 properties changed hands in Croydon, which puts it as the 293th most active market in NSW when comparing the number of sales per suburb.