Property investors who have had real estate in Croydon South, 3136 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.96%
While Croydon South,3136 ranked number 75th in VIC for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Croydon South is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 514th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Croydon South the average time real estate has been on the market is 26.44 days.
With the median price for a house in Croydon South being $663000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.14%
Giving property investors a an unimpressive capital gain of -3.61% for the last year, Croydon South, 3136 is the 1354th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Croydon South comes in at number 75th in VIC.
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 South itself are offering an average vendor discount of -2.91% to real estate investors.
The VIC suburb of Croydon South, 3136 is in the Maroondah local government area.