Suburb Profile Report for Croydon VIC (3136)

Croydon House: Median price $665,500, Annual capital growth 9.04%, Number of sales 383, Weekly median advertised rent $390

Croydon Unit: Median price $479,375, Annual capital growth 6.65%, Number of sales 338, 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 18.68% to date .

The five-year average increase in median property values for Croydon,3136 has given property investors a potential capital gain of 42.95% across each of those five years.

Property buyers and investors in Croydon 3136 should be seeing an average reduction in asking price of around -6.20% . This means that Croydon is holding prices well when compared to other suburbs in VIC.

In the last year 383 properties changed hands in Croydon, which puts it as the 29th most active market in VIC when comparing the number of sales per suburb.

If you compare the increase in value of investment property in Croydon, 3136 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.33%.

While Croydon,3136 ranked number 230th in VIC for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.

Property investors looking for a bargain in Croydon should be aiming for at least -5.60% off the asking price, which is the average vendor discount being achieved at the moment.

Croydon is 247th on a list of best yielding suburbs for rents in VIC with a 3.80% return

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
$665,500 $479,375
1.60% -0.54%
18.68% 13.33%
9.04% 6.65%
$390 $350
383 338
3.05% 3.80%
47.85 38.16

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