Property value increases in Croydon North have tracked close to the VIC average of 8.12% over the last 12 months.
Comparing Croydon North,3136 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Croydon North, 3136. Typically our figures indicate that -2.73% is being offered, which puts this VIC suburb at 3635th most discounted overall in Australia.
Residents and property investors in Croydon North have been waiting around 37.5 days to sell a property.
With the median price for a house in Croydon North being $755000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 2.93%
Croydon North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.73% to date .
While Croydon North,3136 ranked number 102th in VIC for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Croydon North itself are offering an average vendor discount of -2.85% to real estate investors.
Often selling an investment property can take time, and in Croydon North the average time real estate has been on the market is 38.97 days.
With the median price for a house in Croydon North being $500499 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.84%