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Croydon Park, SA 5008

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Croydon Park, SA 5008 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Croydon Park, SA 5008”

  1. The total adult population (15 years or older) of Croydon Park 5008 SA is 3,557, with a median age of 35. Of those, 40.76% are married, 11.47% are divorced or separated, 41.72% are single and 6.02% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,024. The median monthly mortgage repayment for households in this suburb is $1,684 which is 23.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Croydon Park, postcode 5008, nestled within the state of South Australia, plays host to an approximate 2021 households. Third quarter data from 2023 illustrates that houses in Croydon Park are priced typically around $750,473, with the median weekly rent sitting at $471. This rate produces an indicative yield of 3.26%, comfortably above the 3% threshold preferred by cashflow-focused property investors.

    In terms of the socioeconomic environment, Croydon Park scores 939 out of a possible 1217 on the IRSAD scale. This score underscores a moderately favourable living standard, economic resource availability, and job skill level within the suburb to support a stable market environment for property investors.

    Considering the investment landscape within the suburb, the renter to owner ratio sits at 38%. While this figure is slightly higher than the preferred threshold of 30%, it’s still under the concerning limit of 45%. Therefore, it is an acceptable level providing a balanced mix of renters and homeowners.

    Of favourable note is the units to houses ratio, which sits at a low 10%. This suggests less competition amongst landlords for tenants and hence more opportunities for long term tenancies and stable rental yields.

    However, the affordability index is moderately high at 42 years. This suggests it would take an average family buying a median-priced home in the area 42 years to pay off their mortgage at the current median income, which could be a deterrent for some prospective buyers or investors.

    On the supply front, Croydon Park’s market is frugal but fluid. The stock on market Percentage for houses is a lowly 0.17%, far below the upper limit of 1.3%, indicating a desirable scarcity of available properties. Furthermore, the inventory level, demonstrating supply relative to demand, is very low at 0.64 months, suggesting a dynamic market where properties don’t languish unsold.

    Building Approvals Ratio, shedding light on potential incoming supply, sits at a rather favourable 1.18%, markedly below the limit of a possible oversupply threshold of 2%. This suggests a balanced growth in new homes without risk of market saturation.

    On the demand side, the market’s speed is extraordinary, with houses spending an average of just 13 days on the market. This low days on market (DoM) figure points to high demand and competitive interest. Additionally, with a vacancy rate of just 0.26%, there’s a clear lack of available rental properties, again indicating a high-demand situation in Croydon Park.

    Lastly, the suburb’s buy search index for houses is 4, suggesting a steady level of interest from potential buyers relative to the state and city average.

    Despite some challenges pertaining to affordability, Croydon Park’s property market demonstrates a sound balance of favourable fundamental, supply, and demand metrics, which could potentially make it an attractive prospect for informed property investors. As always, continuous monitoring of real estate data is vital in making sound investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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