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Croydon North
AREA REPORTS

Croydon North

Croydon North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3136

house
unit

CROYDON NORTH, 3136 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling CROYDON NORTH, 3136 values up and netting property investors a capital gain of 17.75% for the past year.

Investors saw the median home price rise to $1,045,000.

Profits due to an upward trend in home prices in the suburb averaged 9.67% per annum over a 3-year period.

CROYDON NORTH now ranks at the 276th 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 NORTH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $477.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CROYDON NORTH, homes and units usually stay on listing for an average of 34.7 days.

In 2016, 120 properties were sold in CROYDON NORTH during the past year, making it the 695th most active market in VIC based on total real estate transactions.

Data report can be found below

Croydon North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,045,000 $693,250
GROWTH REPORT
Median Quarterly 5.03% 0.76%
Median 12 month 17.75% 6.25%
Median 3 years 29.01% 15.54%
Median 5 years 36.96% 37.85%
10 years average annual 7.91% 6.36%
Weekly media advert. rent $477.5 $457.5
Time on Market 34.7 days 24.9 days
Gross Rental Yield Percent 2.38% 3.43%
demographics (median values)*
Total Population
44369
Weekly Household Income
1488
Household Size
2.60
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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