Croydon North has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.81% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Croydon North has increased when compared to the 5 year average annual rate.
Croydon North, 3136 is offering VIC ‘s 570th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
In the last year 113 properties changed hands in Croydon North, which puts it as the 230th most active market in VIC when comparing the number of sales per suburb.
Croydon North, 3136’s gross rental yield is 2.78%
Property value increases in Croydon North have tracked just higher than the VIC average of 4.28% over the last 12 months.
If we look at median property appreciation over just the last three months, Croydon North has given property investors a paper return of 4.19%. This puts Suburb as 77 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Croydon North should be aiming for at least -2.50% off the asking price, which is the average vendor discount being achieved at the moment.