Suburb Profile Report for Croydon North VIC (3136)

Croydon North House: Median price $755,000, Annual capital growth 7.71%, Number of sales 115, Weekly median advertised rent $425

Croydon North Unit: Median price $500,499, Annual capital growth 6.96%, Number of sales 54, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$755,000 $500,499
0.80% 2.14%
7.47% 3.73%
7.71% 6.96%
$425 $370
115 54
2.93% 3.84%
37.5 38.97

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Croydon North VIC
Demographics
Total population 7693
Median household income ($/weekly) 1579
Median age of persons 38
Median housing loan repayment ($/monthly) 1783
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1015 13.2
    25-34 years 868 11.3
    35-44 years 1059 13.8
    45-54 years 1234 16.0
    55-64 years 958 12.5
    Others 2559 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 3066 54.2
    Not Married 2167 38.3
    Defacto Relationship 420 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6049 81.4
    Papua New Guinea 77 1.0
    South Africa 83 1.1
    United Kingdom 521 7.0
    Other 178 2.4
    Others 521 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 84 1.2
    Christianity 4765 67.7
    Hinduism 32 0.5
    Other Religious Groups 36 0.5
    No Religion 2087 29.6
    Others 39 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 197 8.6
    $1,000-$1,249 201 8.8
    $1,500-$1,999 335 14.7
    $2,000-$2,499 302 13.2
    $2,500-$2,999 222 9.7
    Others 1025 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2475 40.8
    Not in the labour force 1739 28.7
    Employed, worked part-time 1402 23.1
    Employed, away from work 268 4.4
    Unemployed, looking for work 175 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 13.0
    Professionals 894 21.5
    Technicians & trades workers 642 15.5
    Clerical & administrative workers 702 16.9
    Sales 544 13.1
    Others 826 19.9
    Occupation
    Census Count Percent(%)
    Pre-school 127 6.4
    Infants/Primary 643 32.5
    Secondary 625 31.6
    Technical or Further Educational Institution 200 10.1
    University or other Tertiary Institutions 329 16.6
    Others 52 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6489 90.3
    Semi-detached, row or terrace house, townhouse 631 8.8
    Flat, unit or apartment 66 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1208 48.0
    Fully owned 872 34.7
    Rented 427 17.0
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals