croydon north

3136, Victoria

Real Estate & Property Information

Median
Price Rank
251

croydon north Suburb Profile & Review

A family suburb beloved for its tranquillity, Croydon North boasts imposing views of the Dandenongs. Housing affordability, accessible public transport, childcare options and an abundance of parks combine to make this an ideal area for young families.

Residents have swift access to the city via the Eastern freeway, while the new EastLink connection makes visiting the Mornington Peninsula and other eastern suburbs much easier for residents. Trains run from Croydon Station on the Lilydale line, and bus routes travel to outlying areas like Ringwood and Chirnside Park.

There are a whopping thirteen primary and secondary schools in the area. A Swinburne University campus offers TAFE courses and apprenticeship training. Residents frequent the Main Street area as well as the Croydon Market Complex, which is home to the second largest Coles supermarket in Victoria. It also features an Aldi supermarket and various small traders including a newsagent and chemist.

croydon north Demographic Data

$ 500,000 Median House Price

37 Minutes Average Commute

38 Median Age

7,693 Population

51.20 % Female

48.80 % Male

2124 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in croydon north, Victoria.

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croydon north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

croydon north Median House Prices

  • 2008 $ 395,000
  • 2009 $ 420,800
  • 2010 $ 448,500
  • 2011 $ 528,750
  • 2012 $ 500,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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croydon north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in croydon north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term croydon north property price predictions.

croydon north Market Property Types

  • 86 % Seperate House
  • 13 % Semi Detached
  • 1 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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croydon north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

croydon north Income & Mortgage Stats

  • $ 1,579 Median Weekly Household Income
  • $ 1,783 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in croydon north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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croydon north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

croydon north Sold Property Prices

croydon north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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croydon north Restaurants

  • Piyada Thai412 Maroondah Hwycroydon north VIC 313603 9726 5895
  • Natalia's Bistro476 Dorset Rd croydon north VIC 313603 9725 3363

croydon north Schools

  • Village School9-13 Holloway Roadcroydon north VIC 3136(03) 9726 4766Private School
  • Yarra Road Primary SchoolYarra Roadcroydon north VIC 3136(03) 9723 4182State Primary School

croydon north Childcare

  • Pooh Bear's House ELC323 Maroondah Hwycroydon north VIC 3136

croydon north Kindergarten and Preschools

  • Barngeong Reserve KindergartenBambra Stcroydon north VIC 3136
  • Croydon North Kindergarten90 Bonnie View Rdcroydon north VIC 3136
  • Pooh Bear's House ELC323 Maroondah Hwycroydon north VIC 3136

croydon north Sporting Centres and Clubs

  • Croydon North Tennis Clubcroydon north VIC 3136Tennis Club & Courts

Find out How Much your House is Worth in croydon north

Request a free market Basic Report for croydon north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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