Suburb Profile Report for Croydon Hills VIC (3136)

Croydon Hills House: Median price $882,500, Annual capital growth 7.78%, Number of sales 66, Weekly median advertised rent $490

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report

At number 521th in the list of Australian suburbs ordered by increase in median house value over the last year, Croydon Hills, 3136 is in the top 20% with a property value increase of 18.56% recorded in median house prices.

While Croydon Hills,3136 ranked number 372th in VIC for increase in median house value (annualised) increase, it is ranked 244th over the last 5 years.

Our latest figures would indicate that property sellers in Croydon Hills are currently offering property investors an average price cut of -2.25% below the asking price at the moment.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 2.94%

Metrics	HOUSE	UNIT
Median price	$882,500	N/A
Quarterly growth	1.79%	N/A
12-month growth	18.14%	N/A
Average Annual Growth	7.78%	N/A
Weekly median advertised rent	$490	N/A
Number of sales	66	N/A
Gross rental yield	2.89%	N/A
Days on market	34.2	N/A

Source: CoreLogic

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