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Croydon South, VIC 3136

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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 South, 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 

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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 South, VIC 3136”

  1. The total adult population (15 years or older) of Croydon South 3136 VIC is 3,802, with a median age of 38. Of those, 50.29% are married, 12.57% are divorced or separated, 32.54% are single and 4.47% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,860. The median monthly mortgage repayment for households in this suburb is $2,000 which is 22.57% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria (VIC), CROYDON SOUTH 3136 is a suburb estimated to have a number of about 2299 households. Typical house pricing in CROYDON SOUTH 3136 sits at around $911,710 as of Q3 2023. These houses command a median weekly rent of $487, which corresponds to an indicative yield of 2.78%. While the yield is slightly below the 3% preferred by cashflow-centred property investors, it cannot be ignored that other aspects of this market could still provide opportunities for value.

    CROYDON SOUTH 3136 boasts an impressive IRSAD score of 1023 out of 1217, giving an indication of a healthy socio-economic status within the area. The suburb sees a renter to owner ratio at 28%, favourably underneath the 30% threshold that often suggests a market oversaturated with rentals. This ratio also suggests a good balance of properties being purchased for homeownership.

    In terms of property types within the suburb, the units to houses ratio stands at a low 8%. This suggests the suburb vastly consists mainly of houses that typically attract longer tenancy periods and less competition among landlords for tenants, which in turn can aid in maintaining higher rental yields.

    However, the affordability index surfaces at 40 years, exceeding the threshold that defines favourable affordability. This implies that there’s a decrease in affordability in the area, which might be a point to consider for potential buyers or investors.

    Despite that, we can clearly see that the suburb market is far from being oversupplied with properties. The stock on market percentage for houses is a low 0.05%, and a decreased inventory level sitting at 0.19 months. This signals limited competition for sellers and could potentially lead to a quicker sale.

    The building approvals Ratio further attests to the low supply with a rate of 0.48%, categorized favourably under 0.3%.

    Demand factors in CROYDON SOUTH 3136 appear promising with houses only spending an average of 10 days on the market, a clear reflection of high demand. Additionally, the vacancy rate, combining both houses and units, is a minimal 0.45%. This indicates a high demand as well, which is indirectly supported by the suburb’s buy search index for houses, landed at 5.

    While it’s important to note individual metric values and trends, consider the overall picture when exploring investment opportunities. It’s reasonable to find some metrics in unfavourable ranges, provided majority metrics land in the favourable range.

    Remember, effective real estate investment decisions should be based on robust understanding and analysis of property market data. Tools like RCS (Relative Composite Score) metric, developed by HtAG analytics, can greatly aid in this research process, taking into account over 80 different metrics.

    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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