CROYDON SOUTH, 3136 ranks 420th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.7% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $790,000.
The upward trend in home prices in CROYDON SOUTH, 3136 averaged 16.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 2.76% increase in returns based on the current median price in CROYDON SOUTH.
An average of 3.92 real estate transactions take place per month in CROYDON SOUTH which translates to 47 per annum.
47 properties were sold in CROYDON SOUTH in 2016, making it the 194th most active market in VIC based on total real estate transactions.
CROYDON SOUTH, 3136 places 156th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.7%||N/A|
|Median 3 years||48.78%||N/A|
|Median 5 years||81.4%||N/A|
|10 years average annual||9.8%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||24.2 days||N/A|
|Gross Rental Yield Percent||2.76%||N/A|