Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Croydon South are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Croydon South provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Croydon South the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|19 THURLEIGH AV, CROYDON SOUTH, VIC, 3136||3||1||UNDER CONTRACT|
|8 MALINDA WAY, CROYDON SOUTH, VIC, 3136||3||1||0||8 SOLD|
|544 DORSET RD, CROYDON SOUTH, VIC, 3136||5||2||2||$890,000 to $930,000|
|1 MANIFOLD CT, CROYDON SOUTH, VIC, 3136||3||1||1||$700,000 - $750,000|
Croydon Special Developmental School(While the above schools are located with the suburb of Croydon South there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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