Croydon Hills

POSTAL CODE: VIC, 3136

HOUSE

CROYDON HILLS ranks 98th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 4.42% for the past year is lower than average compared to its 23.24% growth within a five-year period.

Also in CROYDON HILLS, the median home price is sitting at $1,180,000, and the average rent at $730, this suggests property owners could potentially earn a 3.22% increase in gross rental yield.

Property investors have seen a 0.25% gain in CROYDON HILLS based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.6% growth over a ten-year period. It ranks 2833rd on our list of suburbs that property investors should look into.

Surburb overview

Croydon Hills is a suburb of Maroondah, approximately 30 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 4,839.

The suburb is characterised by its leafy streets and family-friendly atmosphere. Croydon Hills offers a variety of parks and recreational facilities. Yarrunga Reserve is a public park featuring sports facilities and open green spaces. Candlebark Walk Reserve is a preserved area of native vegetation and wildlife, providing residents with opportunities to connect with nature. Narr-Maen Reserve is a well-kept park ideal for strolls and family outings.

The suburb is well-served by educational institutions, with several primary and secondary schools nearby, which is an attractive location for families.

In terms of housing, Croydon Hills 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 Hills 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	$1,180,000	N/A
Growth Report
Median Quarterly	0.25%	N/A
Median 12 month	4.42%	N/A
Median 3 years	6.84%	N/A
Median 5 years	23.24%	N/A
10 years average annual	5.6%	N/A
Weekly media advert. rent	$730	N/A
Time on Market	22.6 days	N/A
Gross Rental Yield Percent	3.22%	N/A

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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