Suburb Profile Report for Croydon VIC (3136)

Croydon House: Median price $752,714, Annual capital growth 9.04%, Number of sales 337, Weekly median advertised rent $405

Croydon Unit: Median price $510,000, Annual capital growth 7.09%, Number of sales 273, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a stable capital gain of 11.51% for the last year, Croydon, 3136 is the 1334th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Croydon comes in at number 90th in VIC.

Sellers are offering property buyers an average discount of -4.30% to buyers in Croydon at the moment, which is less than average for the rest of VIC.

A $405 per week rent on the median house gives suburb investors a gross yield of circa 2.80%, without taking into account capital value appreciation, which has been averaging out at 9.04%.

Croydon has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.37% to date .

While Croydon,3136 ranked number 164th in VIC for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.

Croydon, 3136 is offering VIC ‘s 235th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

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
Metrics i HOUSE UNIT
$752,714 $510,000
3.11% 2.00%
11.51% 7.37%
9.04% 7.09%
$405 $360
337 273
2.80% 3.67%
36.14 37.8

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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