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Croydon, 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, 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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, SA 5008”

  1. The total adult population (15 years or older) of Croydon 5008 SA is 1,018, with a median age of 42. Of those, 42.63% are married, 11.59% are divorced or separated, 40.18% are single and 5.80% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,732. The median monthly mortgage repayment for households in this suburb is $1,985 which is 20.40% of their earnings.

    Source: ABS Census Data (2021)

  2. CROYDON 5008, a charming suburb in South Australia, houses a community estimated to comprise of around 596 households. As we venture into the third quarter of 2023, typical house prices in CROYDON 5008 are recorded to be around $1,045,491. With median weekly rent floating at around $514, the indicative yield remains somewhat below the preferred sweet spot for cashflow-focused investors at 2.56%. Nonetheless, the opportunities that lie in this market should not be dismissed based solely on the yield.

    Diving into the fundamental metrics, the suburb’s IRSAD score stands commendably at 1023 out of 1217, a testament to its residents’ healthy socio-economic status. It’s renter to owner ratio rests at 26%, a conducive environment for landlords with lower risks and a balanced rental market. The suburb’s true surprise comes with its units to houses ratio, tipping the scale at a mere 8%. Offering a favourable market for both landlords and families seeking out houses, the low units to house ratio reduces competition and enhances rental yields.

    On the note of houses, the affordability index is recorded at 42 years, cautioning a slightly less affordable market. Turning to supply metrics, the stock on market Percentage impressively stands at a mere 0.17%, indicating a favourable market with a low supply of houses. The inventory too is on the lower side at 1.2 months, making absorption of new listings a breezy affair. The building approvals Ratio for houses points to a low influx of new dwellings with a score of 0.5%

    Switching gears to demand, the days on market (DoM) metric show homes being listed for an average of 65 days- resulting in a somewhat balanced market. In the rental arena, with a combined vacancy rate for houses and units at a low 1.3%, hints at high demand and excellent opportunities for landlords. Lastly, buy search index proudly boasts a score of 6, suggesting high demand from potential buyers seeking out CROYDON 5008 as their next investment horizon or perhaps, their dream home locale.

    As always, keep in mind that while it’s encouraging to see several metrics in favourable ranges, market trends and the state of individual metrics are crucial to making a sound investment decision. It’s also useful to note that a comprehensive approach such as the RCS (Relative Composite Score) by HtAG Analytics, which uses over 80 metrics, can significantly automate and enhance the quality of real estate research.

    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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