Suburb Profile Report for Croydon VIC (3136)

Croydon House: Median price $680,000, Annual capital growth 8.98%, Number of sales 363, Weekly median advertised rent $390

Croydon Unit: Median price $495,000, Annual capital growth 6.97%, Number of sales 323, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Croydon has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.25% to date .

Taking the average capital gain, or increase in median house value, Croydon,3136 has racked up an average of 15.25% over the period. This ranks it number 502th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Croydon is $680000, with sellers offering an average of -5.80% off the asking price.

On average over the past year, suburb has had 30.25 sales per month, which equates to 363 per year.

Croydon is 418th on a list of best yielding suburbs for rents in VIC with a 2.98% return

Croydon is in the TOP 20% in VIC when comparing median price capital growth over the last year. Croydon gave property investors a very good capital gain figure when compared to the rest of the state, with 11.24%.

A 32.00% growth in median value for property investors in Croydon,3136 puts this suburb at number 98th in terms of best performing suburbs in VIC

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, 3136. Typically our figures indicate that -6.63% is being offered, which puts this VIC suburb at 341th most discounted overall in Australia.

Often selling an investment property can take time, and in Croydon the average time real estate has been on the market is 41.77 days.

Carl Payne Information supplied by:

Carl Payne
Barry Plant

M 9725 9855
O 0413 589 800

W http://www.barryplant.com.au/
E cpayne@barryplant.com.au
Offering a list of shopping facilities including the ever popular, tree-lined Main St shopping precinct, Croydon features a host of public amenities with Croydon Market, Swinburne Tafe, Premier schooling & public transport. Poised at the gateway to the Yarra Valley (Victorian tourist region renowned for its superb scenery, wineries, forests & mountains), Croydon is close to the Eastern Freeway & Eastlink, Sporting Facilities, parkland & celebrates the annual Maroondah Festival.
Full summary
Offering a list of shopping facilities including the ever popular, tree-lined Main St shopping precinct, Croydon features a host of public amenities with Croydon Market, Swinburne Tafe, Premier schooling & public transport. Poised at the gateway to the Yarra Valley (Victorian tourist region renowned for its superb scenery, wineries, forests & mountains), Croydon is close to the Eastern Freeway & Eastlink, Sporting Facilities, parkland & celebrates the annual Maroondah Festival.

Selling points: 
  • Close proximity to Eastlink
  • Affordability
  • Large family sized blocks
  • Close to a range of excellent Public & Private schools

Most sought-after properties: 
  • Subdividable properties
  • Family homes
  • Development sites
  • New units & townhouses close to Main Street

Most common properties:  
  • A mixture of weatherboard character homes in certain pockets, through to more modern in younger estates like Strathfield Estate & The Range (old Croydon Golf course) Most common would be 1970’s Brick veneer 3 bedroom, 1 bathroom on land sizes of 800-1000sqm

Top amenities: 
  • Croydon Market & Croydon Main Street shopping
  • Swinburne Tafe
  • Croydon Athletic Track, Football, Cricket & NFL grounds
  • Croydon leisure centre & indoor pool
  • Croydon outdoor pool

Local industry and business:
  • Great cafes & restaurants
  • Cinema
  • Coles, Aldi & Woolworths supermarkets

Recent changes: 
  • Planned re-development of Croydon Market

Best streets: 
  • Alto Avenue
  • Ellesmere Avenue
  • Glenora Avenue
  • Strathfield Estate
  • Valentino Drive
  • Cecil Circuit

Public transport: 
  •     Croydon Train Station & Bus Terminus
Main arteries: 
  • Mt Dandenong Road
  • Maroondah Highway
Close
HOUSE UNIT
$680,000 $495,000
0.74% 2.06%
15.25% 11.24%
8.98% 6.97%
$390 $350
363 323
2.98% 3.68%
45.4 41.77

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
Find a mortgage broker in Croydon VIC
Demographics
Total population 23552
Median household income ($/weekly) 1114
Median age of persons 39
Median housing loan repayment ($/monthly) 1664
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 2445 10.4
    25-34 years 3448 14.6
    35-44 years 3250 13.8
    45-54 years 2884 12.2
    55-64 years 2827 12.0
    Others 8698 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 8203 45.9
    Not Married 8009 44.8
    Defacto Relationship 1663 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 17652 78.1
    Indonesia 270 1.2
    Papua New Guinea 298 1.3
    United Kingdom 1675 7.4
    Other 867 3.8
    Others 1830 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 383 1.8
    Christianity 13617 63.7
    Hinduism 162 0.8
    Other Religious Groups 229 1.1
    No Religion 6837 32.0
    Others 141 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 971 11.4
    $600-$799 900 10.5
    $800-$999 842 9.8
    $1,500-$1,999 1075 12.6
    $2,000-$2,499 844 9.9
    Others 3918 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7215 38.5
    Not in the labour force 6779 36.2
    Employed, worked part-time 3516 18.8
    Employed, away from work 678 3.6
    Unemployed, looking for work 548 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1215 10.6
    Professionals 2317 20.3
    Technicians & trades workers 1877 16.5
    Clerical & administrative workers 1885 16.5
    Sales 1166 10.2
    Others 2950 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 408 8.5
    Infants/Primary 1585 32.9
    Secondary 1266 26.3
    Technical or Further Educational Institution 555 11.5
    University or other Tertiary Institutions 766 15.9
    Others 237 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16723 75.6
    Semi-detached, row or terrace house, townhouse 4546 20.6
    Flat, unit or apartment 831 3.8
    House or flat attached to a shop, office 11 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3444 37.4
    Fully owned 3301 35.9
    Rented 2378 25.8
    Other tenure type 80 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals