Croydon is a large suburb in Victoria within the Maroondah local government area (postcode 3136). With a population of 28,608, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Croydon is $900,000, having eased back by 2.5% over the past year. Units have a median price of $640,000 (-5.2% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.5%. 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 shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices are near the state median ($900K/$875K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved -2.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.