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West Croydon, SA 5008

Home » SA Real Estate Data » City of Charles Sturt, SA » West 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 West 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 

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Rent 

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Yield 

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Buy 

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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 “West Croydon, SA 5008”

  1. The total adult population (15 years or older) of West Croydon 5008 SA is 3,498, with a median age of 38. Of those, 44.51% are married, 10.86% are divorced or separated, 40.42% are single and 4.43% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,944. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.38% of their earnings.

    Source: ABS Census Data (2021)

  2. The homely Adelaide suburb of WEST CROYDON 5008, nestled in South Australia, is home to around 1844 households. Emerging real estate data for Q3 of 2023 showcases that houses in WEST CROYDON are priced around $969,164 on average, with a median weekly rent of $489. These figures generate an indicative yield of 2.62%. While this yield is slightly below what cashflow-centric property investors might favour, it’s crucial that potential investors don’t dismiss it outright.

    In terms of socio-economic positioning, the suburb scores a respectable 1011 out of 1217 on the IRSAD scale. This denotes a relatively high-income level and indicates a large percentage of the population likely being in skilled professions.

    WEST CROYDON falls into a preferential category with a lower renter to owner ratio of 27%, suggesting a suburb more dominated by homeowners, potentially enhancing the community ‘vibe’ and appeal. Further enhancing its community appeal is a very positive units to houses ratio of only 4%, suggesting limited competition for landlords, longer tenancy periods and a love for family living among its populace.

    However, potential investors should note the Affordability Index, which stands at 42 years for houses in WEST CROYDON. This does indicate that the area may face some struggle in terms of affordability.

    Contrasting this, the suburb shows favourable supply metrics. A low stock on market percentage of 0.24% suggests little competition among sellers. Furthermore, the inventory level stands at just 0.77 months, indicating healthy real estate movement within the suburb. The building approvals Ratio is a favourable 0.79%, hinting at a balanced flow of new property entering the market.

    Demand metrics are also quite positive for WEST CROYDON. Houses are on the market for an average of just 13 days, showing a brisk demand from potential buyers. In addition, the low vacancy rate of 0.81% suggests that rental properties get snapped up quickly, an attractive situation for landlords. However, the buy search index for houses hovers at 4, showing a neutral trend in terms of property search demand.

    Despite varying performance across different sectors, WEST CROYDON largely presents favourable conditions for property investment. Potential investors are encouraged to leverage majorly favourable metrics, while keeping an eye on aspects like the Affordability Index. The Relative Composite Score (RCS) developed by HtAG Analytics may also prove helpful in navigating this mixed landscape.

    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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