Croydon is a large suburb in Victoria within the Maroondah local government area (postcode 3136). With a population of 28,608, the suburb has an established demographic with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Croydon is $923,000, having risen modestly 0.3% over the past year. Units have a median price of $675,000 (+2.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,985.
Croydon is served by 7 schools, including 5 primary, 2 secondary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 13 rail stations, 132 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Croydon offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($923K/$875K). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +0.3% year-on-year.
Croydon is a large suburb in Victoria within the Maroondah local government area (postcode 3136). With a population of 28,608, the suburb has an established demographic with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Croydon is $923,000, having risen modestly 0.3% over the past year. Units have a median price of $675,000 (+2.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,985.
Croydon is served by 7 schools, including 5 primary, 2 secondary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 13 rail stations, 132 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Croydon offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($923K/$875K). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +0.3% year-on-year.