Question 1

Is Croydon Park a nice place to live?

Accepted Answer

Croydon Park is a quiet, leafy inner-west suburb tucked between Croydon and Ashfield, with a domestic, low-rise feel. Tree-lined streets feature Federation and Californian bungalows, modest terraces and pockets of contemporary infill. Local life centres on neighbourhood parks and sporting fields, while small shops and cafés sit on the suburb’s edges. Buses link to nearby train stations at Croydon and Ashfield and to major roads, so it suits people who want a calm, gardened setting close to established retail and café precincts.

The community numbers 10,929 people with a median age of 41, and couple families with children are the largest family group at 52.1%. Homes are mostly owner-occupied, about two in three (67.4%), while renters make up 32.6%. Several public-realm projects are active: City of Canterbury Bankstown has progressed playground and sports-field upgrades, Burwood Council completed an upgrade to Martin Reserve adding a playground, sheltered picnic areas, toilets and barbecues, and consultation is under way for a Wangal Park North playground upgrade.

Question 2

Is it expensive to live in Croydon Park?

Accepted Answer

Buying in Croydon Park sits well above what a typical local household earned at the last Census. The median house price of $1,980,000 is about 20.7 times a typical local household's annual income at the last Census, and the median unit price of $761,000 is about 7.9 times that annual income.

Renting takes a large or sizeable share of local incomes: a house rent of $925 a week is about 50.1% of a typical local household's weekly income at the last Census, while a unit rent of $600 a week is about 32.6% of that weekly income. On these figures, buying is notably more stretched against local incomes than renting, but whether that feels expensive depends on your own circumstances.

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

Question 3

Is Croydon Park a good place to invest?

Accepted Answer

Over the past 12 months in Croydon Park, unit values rose 8.3% while house values slightly fell by 1.4%. On the rental side, house rents climbed 8.8% and unit rents rose 7.1%.

For someone weighing Croydon Park up as an investment, that means houses have seen stronger rent growth than price movement this year, whereas units posted solid capital growth that slightly outpaced their rental growth. Whether that balance suits your goals and circumstances is for you to weigh.

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.

	Houses	Units
Median price Past 3 months	$1.98M	$761K
Change in value Past 12 months	-1.4%	8.3%
Sold Past 3 months	22	15
Median days on market Past 12 months	67	23
Average rent Past 12 months	$925	$600
Change in rent Past 12 months	8.8%	7.1%

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