Suburb Profile Report for Croydon Hills VIC (3136)

Croydon Hills House: Median price $820,000, Annual capital growth 6.67%, Number of sales 56, Weekly median advertised rent $500

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Investment property in Croydon Hills has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.09%

Croydon Hills,3136 was ranked 3208 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Croydon Hills is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 269th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 6.67%.

Metrics	HOUSE	UNIT
Median price	$820,000	N/A
Quarterly growth	-2.84%	N/A
12-month growth	-9.09%	N/A
Average Annual Growth	6.67%	N/A
Weekly median advertised rent	$500	N/A
Number of sales	56	N/A
Gross rental yield	3.17%	N/A
Days on market	46.4545454545455	N/A

Your estimated repayment
$3,172.59/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

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

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Demographics

Total population	5185
Median household income ($/weekly)	1802
Median age of persons	37
Median housing loan repayment ($/monthly)	1733
Average household size	3.2

Census	Count	Percent(%)
5-14 years	833	16.1
15-19 years	543	10.5
35-44 years	774	14.9
45-54 years	922	17.8
55-64 years	593	11.4
Others	1521	29.3

Age Group

Census	Count	Percent(%)
Registered Married	2220	57.9
Not Married	1406	36.7
Defacto Relationship	207	5.4

Social Marital Status

Census	Count	Percent(%)
Australia	4262	84.2
Papua New Guinea	51	1.0
South Africa	74	1.5
United Kingdom	264	5.2
Other	99	2.0
Others	309	6.1

Country of Birth

Census	Count	Percent(%)
Buddhism	57	1.2
Christianity	3450	71.3
Hinduism	25	0.5
Islam	15	0.3
No Religion	1276	26.4
Others	13	0.3

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	124	8.7
$1,500-$1,999	237	16.6
$2,000-$2,499	187	13.1
$2,500-$2,999	181	12.7
$3,000-$3,499	130	9.1
Others	566	39.7

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1694	42.6
Employed, worked part-time	1046	26.3
Not in the labour force	961	24.2
Employed, away from work	172	4.3
Unemployed, looking for work	106	2.7

Person Characteristics

Census	Count	Percent(%)
Managers	398	13.7
Professionals	610	20.9
Technicians & trades workers	388	13.3
Clerical & administrative workers	529	18.2
Sales	406	13.9
Others	583	20.0

Occupation

Census	Count	Percent(%)
Pre-school	112	6.9
Infants/Primary	540	33.3
Secondary	561	34.6
Technical or Further Educational Institution	121	7.5
University or other Tertiary Institutions	254	15.7
Others	32	2.0

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	4978	99.4
Semi-detached, row or terrace house, townhouse	28	0.6
Flat, unit or apartment	0	0.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0