Croydon North

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 2.92% for the past year.

Investors saw the median home price rise to $1,111,500.

Profits due to an upward trend in home prices in the suburb averaged 2.28% per annum over a 3-year period.

CROYDON NORTH now ranks at the 256th 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 $735 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 41.8 days.

In 2016, 98 properties were sold in CROYDON NORTH during the past year, making it the 6th most active market in VIC based on total real estate transactions.

CROYDON NORTH ranks 314th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

CROYDON NORTH, 3136 has a capital gain of -5.2% for the past year, which is lower than average compared to its 7.51% growth within a five-year period.

With the median home price in CROYDON NORTH sitting at $701,500, and the average rent at $600, property owners could potentially earn a 4.45% increase in gross rental yield.

Property investors have seen a 0.21% gain in CROYDON NORTH 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 CROYDON NORTH, 3136 obtained a 3.86% growth over a ten-year period. It ranks 1123rd on our list of suburbs that property investors should look into.

Surburb overview

Croydon North is a suburb of Maroondah, approximately 31 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has 8,092 residents.

The suburb is characterised by its quiet, friendly, and beautiful environment. It offers a peaceful atmosphere away from the hustle and bustle of inner Melbourne while remaining well-connected to the rest of the city. Croydon North is a gateway to the Yarra Valley and the picturesque Yarra River, providing residents with natural attractions.

Croydon North features three major shopping strips: two on either side of Maroondah Highway, extending shortly down Dorset and Exeter roads, and another on Exeter Road near Kinta Court. These shopping areas offer various retail options to meet residents' needs.

In terms of housing, Croydon North 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 North 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	$1,111,500	$701,500
Growth Report
Median Quarterly	2.07%	0.21%
Median 12 month	2.92%	-5.2%
Median 3 years	6.83%	-5.3%
Median 5 years	23.26%	7.51%
10 years average annual	4.85%	3.86%
Weekly media advert. rent	$735	$600
Time on Market	41.8 days	47.5 days
Gross Rental Yield Percent	3.44%	4.45%

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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