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 9.28%
A 39.74% growth in median value for property investors in Croydon South,3136 puts this suburb at number 338th in terms of best performing suburbs in VIC
The most recent median price for Croydon South is $618000, with sellers offering an average of -3.65% off the asking price.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
Giving property investors a an unimpressive capital gain of -0.19% for the last year, Croydon South, 3136 is the 1141th highest performer in Australia in this respect.
Over the longer term, Croydon South has seen property prices show investors a 30.25% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Croydon South itself are offering an average vendor discount of -2.91% to real estate investors.
Residents and property investors in Croydon South have been waiting around 42.06 days to sell a property.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.84%