Fraud Blocker

Croydon North, VIC 3136

Home » VIC Real Estate Data » Maroondah City, VIC » Croydon North, VIC 3136

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 North, VIC 3136 located in Melbourne 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Croydon North, VIC 3136”

  1. The total adult population (15 years or older) of Croydon North 3136 VIC is 6,596, with a median age of 40. Of those, 52.21% are married, 10.96% are divorced or separated, 32.19% are single and 4.67% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,876. The median monthly mortgage repayment for households in this suburb is $2,167 which is 21.94% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Croydon North, postcode 3136, is nestled away in the state of Victoria and is home to approximately 3,273 households. As we move into the third quarter of 2023, an overview of the property market for houses in Croydon North reveals that the average house price is at $1,033,729. The median weekly rent sits at $604, resulting in an indicative yield of around 3.04% – a seemingly favourable market for cashflow-focused investors.

    In terms of socio-economic details, Croydon North holds an IRSAD score of 1058 out of a possible 1217, demonstrating good overall socio-economic conditions in the area. The renter to owner ratio here is 18%, suggesting a well-balanced rental market without an oversupply of rental properties, which is usually a positive sign for investors. The units to houses ratio, at 20%, implies a market primarily composed of houses, rather than units – another favourable aspect as this can lead to less competition amongst landlords for tenants and maintain a higher rental yield.

    Affordability, however, is less favourable with the affordability index showing that the estimated time to fully own a property is 41 years, a touch lengthier than is conventionally attractive.

    Despite this, supply metrics tell a more optimistic story. The stock on market Percentage for houses is low at 0.29%; a favourable indication of not having an excessive surplus of unsold properties. Equally, the inventory level sits at 0.83 months, illustrating a market with low supply that is relatively efficient at absorbing new listings. The building approvals Ratio also suggests a favourable low supply, with only 0.38% of new property developments approved over the past 12-months.

    Demand metrics follow a positive trend too. Average days on market for a house property in Croydon North is recorded at 19 days – this suggests high demand for properties in the area. The vacancy rate (for both houses and units) is at 1.75%, indicating that rental supply and demand is in good balance – a typically attractive feature for property investors. The buy search index also stands at 5, suggesting median demand from potential buyers.

    Given these metrics, properties in the suburb of Croydon North present some interesting opportunities for investment. However, the relatively high years to own and moderate demand should be pondered. By keeping an eye on the RCS and the other broad range of metrics available through HtAG Analytics, potential investors can stay informed about real estate trends and make knowledgeable decisions regarding their property market ventures in Croydon North. It’s crucial, though, to understand that not all metrics need to fall in the favoured ranges. A majority of positive trends is generally enough to suggest a certain market’s potential profitability.

    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.

Leave a comment