$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Property investors enjoyed capital gains of 11.52% over the last 12 months in CROYDON, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.55% growth over a ten-year period. It ranks 756th on our list of suburbs that property investors should look into.
CROYDON, 2132 has a capital gain of 11.52% for the past year, which is higher than average compared to its 12.36% growth within a five-year period.
With the median home price in CROYDON sitting at $1,500,000, and the average rent at $680, property owners could potentially earn a 2.36% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CROYDON are high, as opposed to average gains per annum over the past five years.
CROYDON, 2132 in NSW belongs to the local government area of Burwood (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,500,000 | $767,500 |
| GROWTH REPORT | ||
| Median Quarterly | 9.09% | -0.32% |
| Median 12 month | 11.52% | 14.13% |
| Median 3 years | -11.11% | -1.29% |
| Median 5 years | 12.36% | 6.01% |
| 10 years average annual | 6.55% | 6.38% |
| Weekly media advert. rent | $680 | $480 |
| Time on Market | 48.5 days | 56.7 days |
| Gross Rental Yield Percent | 2.36% | 3.25% |
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