Croydon South

POSTAL CODE: VIC, 3136

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $960,000.

The upward trend in home prices in CROYDON SOUTH, 3136 averaged 3.9% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 3.36% increase in returns based on the current median price in CROYDON SOUTH.

An average of 5.5 real estate transactions take place per month in CROYDON SOUTH which translates to 66 per annum.

66 properties were sold in CROYDON SOUTH in 2016, making it the 118th most active market in VIC based on total real estate transactions.

CROYDON SOUTH, 3136 places 524th in Australia based on median property value growth during the quarter.

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 $797,000.

Average median unit prices in VIC have risen as a whole, pulling CROYDON SOUTH, 3136 values up and netting property investors a capital gain of 1.53% for the past year.

Investors saw the median home price rise to $797,000.

The upward trend in home prices in CROYDON SOUTH, 3136 averaged 0.79% per annum over a 3-year period.

CROYDON SOUTH now ranks at the 270th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CROYDON SOUTH are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $645 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CROYDON SOUTH, homes and units usually stay on listing for an average of 74.4 days.

25 properties were sold in CROYDON SOUTH in 2016, making it the 224th most active market in VIC based on total real estate transactions.

Surburb overview

Croydon South is a suburb of Maroondah, approximately 29 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 4,759.

The suburb is characterised by its quiet, family-friendly atmosphere, making it suitable for families and retirees. Croydon South offers a variety of parks and recreational facilities, providing residents with ample opportunities for outdoor activities.

In terms of housing, Croydon South offers a mix of property types, including standalone houses and townhouses, catering to diverse lifestyle needs. The suburb's green spaces and proximity to essential services make it an attractive location for families, professionals, and retirees.

Croydon South provides a harmonious blend of residential living, essential services, and recreational opportunities, making it a desirable suburb for those seeking a balanced lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$960,000	$797,000
Growth Report
Median Quarterly	0.1%	0.13%
Median 12 month	4.75%	1.53%
Median 3 years	11.69%	2.38%
Median 5 years	30.17%	13.45%
10 years average annual	5.17%	4.39%
Weekly media advert. rent	$620	$645
Time on Market	39.9 days	74.4 days
Gross Rental Yield Percent	3.36%	4.21%

Demographics (Median Values)*

Total Population 44369

Weekly Household Income 1488

Household Size 2.60

Average Age 38

Monthly Loan Repayment 1770

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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