Croydon North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.58% to date .
The five-year average increase in median property values for Croydon North,3136 has given property investors a potential capital gain of 64.56% across each of those five years.
Property buyers and investors in Croydon North 3136 should be seeing an average reduction in asking price of around -3.59% . This means that Croydon North is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Croydon North have been waiting around 39.4 days to sell a property.
At number 250th in the list of Australian suburbs ordered by increase in median house value over the last year, Croydon North, 3136 is in the top 20% with a property value increase of 16.43% recorded in median house prices.
The five-year average increase in median property values for Croydon North,3136 has given property investors a potential capital gain of 53.15% across each of those five years.
Property investors looking for a bargain in Croydon North should be aiming for at least -2.14% off the asking price, which is the average vendor discount being achieved at the moment.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.51%, without taking into account capital value appreciation, which has been averaging out at 7.96%.