croydon

3136, Victoria

Real Estate & Property Information

Median
Price Rank
283

croydon Suburb Profile & Review

A family suburb beloved for its tranquillity, Croydon 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 couples with children.

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. The Main Street area is surprisingly well equipped with cafes, clothing stores, and bookshops. Kofi Beans, a Moroccan cafe, is a local favourite for breakfast and lunch, for its Middle Eastern decor and organic menu. You can pick up some bargains in one of the op-shops or cheap clothing stores. There is even a Tony Bianco factory outlet.

croydon Demographic Data

$ 460,000 Median House Price

34 Minutes Average Commute

39 Median Age

23,553 Population

52.83 % Female

47.17 % Male

6361 NO OF FAMILIES

1.8 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, Victoria.

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croydon 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 Median House Prices

  • 2008 $ 352,500
  • 2009 $ 366,000
  • 2010 $ 396,050
  • 2011 $ 460,000
  • 2012 $ 460,000

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 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 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 property price predictions.

croydon Market Property Types

  • 68 % Seperate House
  • 27 % Semi Detached
  • 5 % 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 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 Income & Mortgage Stats

  • $ 1,114 Median Weekly Household Income
  • $ 1,664 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

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 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 Sold Property Prices

croydon 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.

croydon Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

croydon Restaurants

  • Viva Mexico70 Main St croydon VIC 313603 9725 8899
  • Thai Lemon Tree1 Devon St croydon VIC 313603 9725 7778
  • Thai ChaiyoShop 24a 16-18 Hewish Rd croydon VIC 313603 9723 1889

croydon Cafes

  • Cafe Zingers102 Main Stcroydon VIC 313603 9725 4845
  • BB's Cafe50 Main Streetcroydon VIC 313603 9723 6707
  • Zest Cafe and RestaurantShp11/ 224 Mt Dandenong Roadcroydon VIC 313603 9725 4144

croydon Schools

  • Swinburne University12-50 Norton Road,croydon VIC 3136(03) 9214 8000Adult Multicultural Education Service
  • Sacred Heart Primary School35 Wicklow Avenuecroydon VIC 3136(03) 9724 4333Catholic Primary School
  • Croydon Special Developmental School 69-95 Belmont Road Eastcroydon VIC 3136(03) 9725 4933Specialist School

croydon Childcare

  • ABC Learning Centre418 Mt Dandenong Rdcroydon VIC 3136
  • Coolabindi Child Care Centre150 Mt. Dandenong Rdcroydon VIC 3136
  • Ruskin Park ELC24 View Stcroydon VIC 3136

croydon Kindergarten and Preschools

  • Brentwood Park Kindergarten25 Mandowie Crescentcroydon VIC 3136
  • Croydon Gums Kindergarten22 Frederick Streetcroydon VIC 3136
  • Kids Own Early Childhood LC421-423 Dorset Rdcroydon VIC 3136

croydon Sporting Centres and Clubs

  • Croydon HarriersNorton Rdcroydon VIC 3136Athletics Club
  • Little Athletics Centres, Town Parkcroydon VIC 3136Athletics Club
  • Croydoncroydon VIC 3136Tennis Club & Courts

croydon Retirement Villages

  • Cherry Tree Grovecroydon VIC 3136
  • Mingarra Retirement Livingcroydon VIC 3136
  • Tarralla Villagecroydon VIC 3136

Find out How Much your House is Worth in croydon

Request a free market Basic Report for croydon 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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