Get a property report and suburb profile for any property in Croydon

Croydon is a compact Inner West suburb of tree-lined streets and many Federation and Victorian homes. It has a village feel around Croydon railway station, where small cafes, bakeries and independent shops serve locals. Parks and sporting grounds are nearby, and the suburb attracts professionals and families who appreciate quiet, established streets with occasional low-rise apartments. Rail links and easy access to the larger commercial centres of Burwood and Ashfield make day-to-day errands straightforward.

About 10,755 people live in Croydon and the median age is 42. The area leans heavily towards couple families—together they make up 83.3% of all families, with 49.5% being couple families with children—and owner-occupiers comprise 69.2% of homes. Croydon sits in a Transport Oriented Development precinct around the station that provides capacity for more than 2,700 homes, and council-endorsed upgrades are planned for Centenary Park's sporting facilities. Whether Croydon suits you will come down to whether you want an established, predominantly owner-occupied suburb with local shops, parks and rail access.

On these figures for Croydon, buying sits well above what local households earned at the last Census. A median house at $3,000,000 is about 26.7 times a typical local annual household income at the last Census, while the median unit at $787,500 is about 7.0 times that income.

Renting also takes a large slice of a typical local household's weekly income at the last Census: a house rent of $1,020 a week would be about 47.3% of that weekly income, a large share, and a unit rent of $673 a week would be about 31.2%, a sizeable share. Whether those numbers feel expensive depends on your own income and circumstances and on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Croydon, house values fell 7.7% while house rents rose 7.4%. That means the value side of the house market declined over the year even as the rent those houses earn increased, so for someone focused on rental income the house rent figure will be most relevant and for someone focused on capital growth the house value change is the key number.

Units moved more quietly: unit values edged up 1.0% and unit rents rose 3.5%, a modest increase. Overall the strongest single movement this year was house rent growth, while house values showed the largest drop.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.