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Croydon suburb profile

Croydon is a picturesque suburb located in Melbourne's outer east, approximately 28km from the CBD. Known for its family-friendly atmosphere and lush greenery, Croydon offers a peaceful suburban lifestyle with a strong sense of community. The suburb features a mix of charming period homes and modern developments, catering to diverse housing needs. Croydon is well-served by public transport, including a train station, and boasts a range of amenities such as shopping centres, parks, and recreational facilities. Its proximity to the Dandenong Ranges adds to its appeal, making it a desirable location for nature lovers and families alike.

Croydon property market performance

Current median dwelling price$785,250Past 3 months

Property growth+7.8%Past 12 months

Croydon’s property market has shown positive growth over the past 12 months, with house values increasing by 6.9% and unit values rising by 8.6%. The current median house price stands at $901,000, while the median unit price is $675,000, indicating a healthy demand for both property types.

Sales activity has been robust, with 113 houses and 62 units sold over the last 12 months. Properties are moving quickly, with houses spending a median of 22 days on the market and units just 17 days, reflecting strong buyer interest.

In the rental market, Croydon has experienced moderate growth, with house rents increasing by 3.2% and unit rents by 5.6% over the past year. The average rent for houses is $650, while units average $528, suggesting a steady demand for rental properties.

HousesUnits
Median price
Past 3 months
$900K$671K
Change in value
Past 12 months
7.4%8.2%
Sold
Past 3 months
12758
Median days on market
Past 12 months
2215
Average rent
Past 12 months
$663$525
Change in rent
Past 12 months
3.6%2.9%

5 year median price trend for houses and units

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Croydon demographics

Croydon, located in Melbourne's eastern suburbs, is a family-friendly area known for its leafy streets, community spirit, and convenient access to both urban amenities and natural attractions. With a population of 28,608, Croydon offers a balanced lifestyle that appeals to a diverse range of residents, from young families to retirees. The median age of 39 reflects a mature community, with many residents enjoying the suburb's blend of suburban tranquility and proximity to the bustling city center.

The suburb's housing market is characterized by a high rate of home ownership, with 33.2% of properties owned outright and 39.4% owned with a mortgage. This stability is complemented by a rental market that accounts for 27.4% of properties, providing options for those seeking flexibility. Croydon's family-oriented nature is evident in its household composition, with 42.9% of families being couples with children and 38.1% being couples without children. One-parent families make up 17.7% of the community, highlighting the suburb's inclusive environment.

Croydon's appeal lies in its combination of suburban charm and accessibility. The area is well-served by public transport, making it easy for residents to commute to Melbourne's CBD or explore the nearby Dandenong Ranges. The suburb's local amenities, including schools, parks, and shopping centers, cater to the needs of its diverse population. With a median household income of $1,615 per week, Croydon offers a comfortable standard of living for its residents, making it a desirable location for those seeking a balanced and fulfilling lifestyle.

Croydon infrastructure, key developments and investment opportunities

Croydon continues to see steady residential redevelopment, with multiple townhouse and apartment projects replacing older housing stock, which is gradually increasing density and providing more options for first-home buyers and downsizers.[4] The established retail and dining strip around the Main Street precinct, along with nearby shopping centres and cinemas, underpins local amenity and helps sustain buyer demand for properties within walking distance of services.[2][5]

Local schools and parks remain a key drawcard for families, with the suburb’s network of green spaces and sporting facilities supporting strong lifestyle appeal and long-term owner-occupier hold periods.[2][7] Good road links towards the city and employment hubs, combined with access to public transport via nearby train and bus services, support Croydon’s attractiveness for commuters and are likely to underpin stable property values over time.[3][5]

Croydon rental market trends

The rental market in Croydon has experienced moderate growth, with house rents increasing by 3.2% over the past year to $650 per week, while unit rents have risen by 5.6% to $528 per week. With its appealing suburban lifestyle and proximity to Melbourne, Croydon continues to attract renters and investors seeking steady returns in a well-connected area.

Suburbs near Croydon

Some popular suburbs near Croydon include:

  • Croydon South: Known for its peaceful residential areas and family-friendly atmosphere, Croydon South is located directly south of Croydon.
  • Kilsyth: Offering a mix of suburban and semi-rural living with ample green spaces, Kilsyth is situated to the east of Croydon.
  • Croydon Hills: Renowned for its scenic parks and quality schools, Croydon Hills lies to the north of Croydon.
  • Mooroolbark: Known for its vibrant community and convenient transport links, Mooroolbark is located to the northeast of Croydon.
  • Croydon North: Featuring a blend of modern and traditional homes with a strong community feel, Croydon North is situated to the north of Croydon.

How does Croydon compare to nearby suburbs?

  • Median house prices: Croydon’s median house price is 2.5% higher than Kilsyth’s.
  • Median unit prices: Croydon’s median unit price is 5.6% lower than Kilsyth’s.
  • House price growth: Over the past 12 months, house prices in Croydon have grown 1.7% higher than in Croydon South.
  • Unit price growth: Over the past 12 months, unit prices in Croydon have grown 4.2% higher than in Kilsyth.
  • Selling speed for houses: Properties in nearby Croydon South are selling 13.6% faster than in Croydon.
  • Selling speed for units: Properties in Croydon are selling 6.3% faster than in Kilsyth.
  • Investment considerations: In Croydon, the rental yield for house is 5.2% higher than the Melbourne average, while the rental yield for units is 10.4% lower.
  • House price growth: Over the past 12 months, house prices in Croydon have grown 10.0% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Croydon have grown 16.7% higher than the average rate of growth for units across Melbourne.

Common questions about Croydon

  • Is Croydon a nice place to live?

    Croydon is a delightful suburb that offers a charming blend of suburban tranquility and vibrant community life, making it a wonderful place to call home. Nestled in Melbourne's outer east, Croydon is known for its peaceful atmosphere and lush greenery, providing a serene escape from the hustle and bustle of city life. The suburb's strong sense of community is evident in its friendly residents and welcoming vibe, making it an ideal location for families looking to settle down in a supportive environment.

    Families will find Croydon particularly appealing due to its excellent amenities and family-friendly atmosphere. The suburb is well-equipped with a variety of schools, parks, and recreational facilities, ensuring that children have plenty of opportunities for education and play. The local shopping centres and dining options add to the convenience, while the proximity to the Dandenong Ranges offers endless opportunities for outdoor adventures and nature exploration.

    While Croydon offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's distance from Melbourne's CBD means that commuting times can be longer, although the well-connected public transport system, including a train station, helps mitigate this. Additionally, as the suburb continues to grow and develop, residents may experience some changes in the local landscape, with new housing developments gradually increasing density.

    Overall, Croydon is a safe and welcoming suburb that provides a balanced lifestyle for its residents. With its leafy streets, strong community spirit, and convenient access to both urban amenities and natural attractions, Croydon is a desirable location for families, retirees, and anyone seeking a peaceful yet connected place to live.

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  • Is it expensive to live in Croydon?

    Living in Croydon offers a mix of affordability and accessibility, making it an attractive option for many. The median house price in Croydon is currently around $901,000, which is relatively reasonable compared to Melbourne's inner suburbs. For those considering units, the median price is about $675,000, providing a more budget-friendly option for buyers.

    Renting in Croydon is also fairly accessible, with the average rent for houses being $650 per week and units averaging $528 per week. When comparing these figures to the Victorian average wage of approximately $105,000 per year, it becomes clear that living in Croydon is manageable for those earning a typical salary in the state.

    Overall, while Croydon may not be the cheapest suburb in Melbourne, it offers a good balance of affordability and quality of life. If you're thinking of living in Croydon, you'll find that it provides a reasonable cost of living without compromising on the amenities and lifestyle benefits that come with being part of the Melbourne metropolitan area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Croydon a good place to invest?

    Croydon is shaping up to be a promising investment suburb, with recent data showing positive trends in both property values and rental returns. Over the past year, the median house value in Croydon has increased by 6.9%, while units have seen an even more impressive rise of 8.6%. This indicates a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental returns in Croydon have also been on the rise. House rents have grown by 3.2%, and unit rents have seen a significant jump of 5.6% over the last 12 months. This suggests a healthy rental market, which is great news for investors seeking steady rental income. The suburb's appeal is likely bolstered by its family-friendly environment, good schools, and convenient access to public transport, making it a desirable location for both renters and buyers.

    Overall, Croydon offers a balanced mix of capital growth potential and rental yield, making it a solid choice for investors. With its steady increase in property values and rental demand, Croydon presents a compelling opportunity for those looking to invest in a suburb with a promising future. Whether you're interested in houses or units, the suburb's positive growth trends make it a worthwhile consideration for your investment portfolio.

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Choose the right real estate agents in Croydon

There are 207 real estate agents in Croydon, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 22.1% of all sales in the past year.

Commission rates in Croydon typically range from 1.71% to 2.57%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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