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

Croydon North is a leafy, residential suburb in Melbourne’s outer east, just beyond Croydon’s main shopping precinct and edging toward the Dandenong Ranges. It has a quietly suburban feel with tree-lined streets, predominantly single-family weatherboard and brick homes on generous blocks and a sprinkling of newer townhouses. The suburb appeals to families and anyone after a relaxed, outdoor lifestyle, with parks, sporting reserves and walking trails close by, while local shops meet everyday needs and bus links connect to Croydon station on the Lilydale line and to major roads.

About 8,092 people live in Croydon North, with a median age of 40 and a typical household income of $2,156 a week. Most homes are owner-occupied (82.2%), with 34.8% owned outright and 47.4% owned with a mortgage, and 17.8% rented. Several public projects are under way or planned, including a completed pavilion redevelopment at Hughes Park, detailed designs for a Holloway Road upgrade, planning for an intersection upgrade and a recycled water pipeline project along Maroondah Highway. Whether Croydon North suits you depends on whether you value leafy suburban streets, outdoor amenity and a high rate of owner-occupation.

Buying a house in Croydon North works out to about 9.6 times a typical local annual household income at the last Census, based on the median house price of $1,072,000. That puts purchasing a house well above local incomes at the last Census, so buying sits on the higher side relative to what households in the area earned then.

Renting is a different picture: a house rent of $695 a week would take about 32.2% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $585 a week would take about 27.1%, a moderate share. If you’re renting rather than buying, those rent shares are the most relevant numbers to consider against local incomes.

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

The clearest movement in Croydon North over the past 12 months was on the house side: median house values climbed 10.5% and house rents rose 10.3%, both strong increases. Notably, those two house measures moved almost in step this year. Units also gained, with median unit values up 6.1% and unit rents up 6.4% — solid rises but smaller than the house movements, and with unit rents edging slightly ahead of unit values.

For someone weighing Croydon North as an investment, the value figures speak to capital growth over the year and the rent figures speak to rental income; houses have shown the larger movement in both measures. Whether that makes Croydon North right for you depends on your own goals and circumstances.

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.