NSW has seen average median house prices change by 8.26% which means that Croydon, 2132 has done well for property investors by showing a capital gain of 6.90% over the last year
Croydon,2132 was ranked 2627 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Croydon itself are offering an average vendor discount of -11.31% to real estate investors.
On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.
A $620 per week rent on the median house gives suburb investors a gross yield of circa 2.08%, without taking into account capital value appreciation, which has been averaging out at 9.63%.
Property value increases in Croydon have tracked just lower than the NSW average of 6.07% over the last 12 months.
Croydon,2132 has offered an average of -0.80% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Croydon are currently offering property investors an average price cut of -3.00% below the asking price at the moment.
Often selling an investment property can take time, and in Croydon the average time real estate has been on the market is 102.43 days.
Croydon is 458th on a list of best yielding suburbs for rents in NSW with a 3.47% return