Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $690,000.
The upward trend in home prices in CROYDON, 5008 averaged 7.89% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.39% increase in returns based on the current median price in CROYDON.
An average of 0.83 real estate transactions take place per month in CROYDON which translates to 10 per annum.
10 properties were sold in CROYDON in 2016, making it the 63rd most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 8.49% | N/A |
| Median 3 years | 23.66% | N/A |
| Median 5 years | 40.67% | N/A |
| 10 years average annual | 4.26% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.39% | N/A |
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