Suburb Profile Report for Croydon North VIC (3136)

Croydon North House: Median price $880,000, Annual capital growth 7.43%, Number of sales 94, Weekly median advertised rent $460

Croydon North Unit: Median price $600,000, Annual capital growth 6.81%, Number of sales 43, Weekly median advertised rent $390

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

Croydon North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.98% to date .

Taking the average capital gain, or increase in median house value, Croydon North,3136 has racked up an average of 7.98% over the period. This ranks it number 733th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Croydon North 3136 should be seeing an average reduction in asking price of around -7.38% . This means that Croydon North is holding prices well when compared to other suburbs in VIC.

At number 453 in a list of fastest selling suburbs, Croydon North is in the TOP 20% of suburbs in Australia with an average of days on market 44.06 for properties listed there.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 7.43%, investors should hope to achieve an overall return of 2.72%

Investment property in Croydon North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.10%

Croydon North,3136 has offered an average of 6.10% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Croydon North 3136 should be seeing an average reduction in asking price of around -5.13% . This means that Croydon North is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Croydon North the average time real estate has been on the market is 39.96 days.

Croydon North is 272th on a list of best yielding suburbs for rents in VIC with a 3.38% return

Metrics i HOUSE UNIT
$880,000 $600,000
0.74% -3.07%
7.98% 6.10%
7.43% 6.81%
$460 $390
94 43
2.72% 3.38%
44.06 39.96

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7693
Median household income ($/weekly) 1579
Median age of persons 38
Median housing loan repayment ($/monthly) 1783
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1015 13.2
    25-34 years 868 11.3
    35-44 years 1059 13.8
    45-54 years 1234 16.0
    55-64 years 958 12.5
    Others 2559 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 3066 54.2
    Not Married 2167 38.3
    Defacto Relationship 420 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6049 81.4
    Papua New Guinea 77 1.0
    South Africa 83 1.1
    United Kingdom 521 7.0
    Other 178 2.4
    Others 521 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 84 1.2
    Christianity 4765 67.7
    Hinduism 32 0.5
    Other Religious Groups 36 0.5
    No Religion 2087 29.6
    Others 39 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 197 8.6
    $1,000-$1,249 201 8.8
    $1,500-$1,999 335 14.7
    $2,000-$2,499 302 13.2
    $2,500-$2,999 222 9.7
    Others 1025 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2475 40.8
    Not in the labour force 1739 28.7
    Employed, worked part-time 1402 23.1
    Employed, away from work 268 4.4
    Unemployed, looking for work 175 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 541 13.0
    Professionals 894 21.5
    Technicians & trades workers 642 15.5
    Clerical & administrative workers 702 16.9
    Sales 544 13.1
    Others 826 19.9
    Occupation
    Census Count Percent(%)
    Pre-school 127 6.4
    Infants/Primary 643 32.5
    Secondary 625 31.6
    Technical or Further Educational Institution 200 10.1
    University or other Tertiary Institutions 329 16.6
    Others 52 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6489 90.3
    Semi-detached, row or terrace house, townhouse 631 8.8
    Flat, unit or apartment 66 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1208 48.0
    Fully owned 872 34.7
    Rented 427 17.0
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals