Croydon Hills is a smaller residential area in Victoria within the Maroondah local government area (postcode 3136). It is home to about 4,839 residents, with an established demographic and a median age of 42. Households earn a median income of $127K per year, with an average household size of 2.9 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, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
Median house prices in Croydon Hills stand at $1.2 million, having edged higher by 0.6% over the last twelve months. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,093.
Croydon Hills is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1123, which is well above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
On the investment side, Croydon Hills shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +0.6% 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.