Croydon

Croydon is a vibrant suburb with a growing population and a diverse mix of age groups. It offers residents various commuting options, with a significant portion working from home. The suburb has a good representation of different occupations, with professionals, managers, and technicians being the top categories. The educational advantage of students in the government schools is moderate. For houses, Croydon presents a high market absorption rate, indicating strong demand and potential for capital growth. The suburb also shows a good rental yield with low vacancy rates, making it attractive for investors. The high room demand-supply ratio suggests opportunities for renting out rooms. For units, the market absorption rate is lower but still healthy, with a good median growth rate. The suburb has a low vacancy rate for units, which is favourable for investors. Croydon offers a family-friendly environment with good educational opportunities and a range of commuting options. Both houses and units in the suburb show promising investment potential, with strong demand, low vacancy rates, and steady growth rates. The mix of demographics and infrastructure make Croydon a desirable location for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022