Croydon Market Report

The property market in Croydon has experienced modest growth, with house values increasing by 1.6% and unit values rising by 0.8% over the past 12 months. The rental market has seen significant growth, with house rents up by 9.1% and unit rents up by 12.0%. Ongoing infrastructure projects, such as the Level Crossing Removal Project and the redevelopment of Croydon Park, are expected to enhance property values and sustain demand.

Croydon has several parks and recreational areas, including Croydon Park, which is located opposite the Arndale Shopping Centre on Mt Dandenong Road. The suburb also features ample green spaces that encourage an active and healthy lifestyle[1][4].

Croydon is well-connected by public transport, with the Croydon train station and a bus terminal providing easy access to Melbourne's CBD. The suburb is also accessible via the M3 highway, offering convenient car travel to the city[1][4].

Croydon has several shopping centers, including the Arndale Shopping Centre with over 20 retail outlets and 738 parking spots. The Main Street of Croydon is a bustling hub with a variety of eateries, clothing stores, and other services. Additionally, the Croydon Central neighbourhood centre is a strong-performing food and services-based hub[1].

Croydon is characterized by a mature community with a median age of 39, featuring a blend of suburban tranquility and access to urban amenities. The suburb has a high rate of home ownership and a stable real estate market, with a mix of established families and new buyers. The area supports diverse family structures and offers a balanced lifestyle with its various amenities[5].

There has been a notable increase in drug-related crimes in Croydon, with a significant seizure of cannabis worth $1.5 million and an incident involving a botched drug deal resulting in a murder charge. Additionally, the area has seen a rise in violent crimes, with the violent crime rate at 109% of the national average. The category of 'robbery crime' is also high compared to the national average, and there has been a 62.4% increase in drug crimes over the last twelve months[3][5].

The community in Croydon is likely experiencing significant concern and unrest due to the recent incidents of violent crime, drug trafficking, and the seizure of illicit firearms. These events may contribute to a sense of insecurity and could lead to community conflicts or demands for increased policing and safety measures.

Croydon, VIC, has moderate safety metrics. While it is safer than 42% of Australian suburbs and 29% of Victoria suburbs, it still faces significant safety concerns. The crime rate in Croydon is about average for most suburbs, with a notable risk of becoming a victim of crime, estimated at 1 in 25[3].

There is no specific mention of safety hotspots within Croydon, but the overall crime data suggests that the entire suburb experiences moderate safety issues.

Croydon, VIC, presents a mixed bag for investment potential. While the suburb has seen recent declines in capital growth, with a median property price for houses at $900,000 and an annual capital growth of -3.23%, it still offers some attractive features. The area's relatively high median property price and historical sales data indicate a stable market, but the current negative growth rate is a concern[4].