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Croydon, 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, 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, VIC 3136”

  1. The total adult population (15 years or older) of Croydon 3136 VIC is 23,458, with a median age of 39. Of those, 45.63% are married, 13.84% are divorced or separated, 33.83% are single and 6.68% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,480. The median monthly mortgage repayment for households in this suburb is $1,985 which is 23.41% of their earnings.

    Source: ABS Census Data (2021)

  2. The lively suburb of CROYDON, postcode 3136, can be found nestled in the state of Victoria. With approximately 13,986 households, this area boasts a vibrant community spirit. As we look at the Q3 2023 property market statistics for this viable investment locale, we see that the typical prices for houses approximate at $900,237. With a median weekly rent set at $505, this results in an indicative yield of 2.92%, slightly below the 3% attractive market threshold for investors centred on cash flow.

    Diving deeper into the socio-economic fabric of the area, CROYDON has an IRSAD score of 1,008 out of 1,217, indicating a solid socio-economic status among its population. A reassuringly lower renter to owner ratio of 26% is observed, asserting a market not overwhelmed by rental properties, hence good long-term returns for investors. Furthermore, with a unit to house ratio of just 31%, the area has quite a favourable balance, lessening competition and maintaining higher rental yields.

    However, the affordability index in CROYDON may pose challenges, with an average estimate of 42 years required to own a property in the area; this is significantly higher than the standard 30-year mortgage. Yet, the inventory level for houses stands at a favourable 0.76 months, demonstrating high absorptivity of new listings in the market. It is also worth noting that the stock on market Percentage for houses is a low 0.24%, further asserting low supply in the area.

    The building approvals Ratio for houses sits at a comfortable 0.53%, avoiding the risk of an oversupply of new dwelling stock, which can compel prices downward. Furthermore, the suburb’s short average of 22 days on market (DoM) for houses points to a high-demand market with quick property turnover.

    While the vacancy rate is slightly above the preferable 1%, at 1.38% it is nonetheless considered in the ‘neutral’ stage, indicating an adequate balance of supply and demand. Lastly, the buy search index for houses comes in at 4, within the neutral range which suggests interest and demand from potential buyers in the area continues to persist.

    In considering all these factors and varied metrics, it is important to remember that trends are crucial in understanding the property market dynamics. While some indicators in CROYDON may fall out of the ‘favourable’ range, the majority present an attractive investment profile, making CROYDON a viable prospect for keen property investors. Keep a close eye on HtAG Analytics’ Relative Composite Score (RCS) as it offers automated research, using a comprehensive array of over 80 metrics, to enhance your property investment strategy.

    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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