Question 1

Is Croydon South a nice place to live?

Accepted Answer

Croydon South is a quiet, established outer-eastern suburb with a distinctly residential, family-focused feel. Tree-lined streets feature postwar brick bungalows and single-level homes, with pockets of newer townhouses along main roads and many properties framed by mature gardens. It is home to 4,759 people, has a median age of 38 and a median total household income of $1,876 a week, roughly $97,600 a year. The community is weighted towards families, with couple families with children the largest group and together with couple families without children accounting for about 82.1% of families.

Everyday life centres on small local shopping strips, sporting clubs and neighbourhood community facilities, while Croydon centre’s larger shops and cafes sit close by. Bus services link to Croydon station and the Lilydale line, and residents have ready access to creekside reserves and the Dandenong Ranges foothills. Several council and state projects are planned or under way to improve paths, parks, school facilities and creek rehabilitation. Whether Croydon South suits you will depend on whether you want an established, owner-occupied suburb with local amenities and nearby green space.

Question 2

Is it expensive to live in Croydon South?

Accepted Answer

House prices in Croydon South sit well above local incomes at the last Census: the median house price of $910,000 is about 9.3 times a typical local household's annual income at the last Census, which puts buying a house here well above what people locally earned at that time. Renting a house at around $675 a week would take about 36% of a typical local household's weekly income at the last Census, a sizeable share, so for many the rent burden will be the immediate affordability measure to watch.

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 South a good place to invest?

Accepted Answer

Over the past 12 months, houses in Croydon South recorded a solid 5.0% rise in median value while house rents increased 7.1%. That means the rent a house earns grew faster than the capital value did this year, so rental income was the stronger performer on the house side. If rental returns are your priority, these house figures are the ones that matter; whether that aligns with your goals and circumstances is for you to decide.

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	$910K	N/A
Change in value Past 12 months	5.0%	N/A
Sold Past 3 months	18	1
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$675	N/A
Change in rent Past 12 months	7.1%	N/A

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