Croydon North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.81% to date .
While Croydon North,3136 ranked number 210th in VIC for increase in median house value (annualised) increase, it is ranked 112th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.33% offered to property buyers. Sellers in Croydon North itself are offering an average vendor discount of -3.83% to real estate investors.
Property investors should expect to get $435 weekly from the median priced house in this suburb.
Croydon North has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.31% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Croydon North has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 7.50%, investors should hope to achieve an overall return of 3.48%