All About Croydon Hills, Maroondah, VIC, 3136

The housing market in Croydon Hills, located within the City of Maroondah in Victoria, has seen substantial growth and interest in recent years. Known for its suburban charm and family-friendly atmosphere, Croydon Hills offers a range of housing options, from modern family homes to more established residences reflecting the area's development over the decades. The market is characterized by its relative affordability compared to suburbs closer to the Melbourne CBD, making it an attractive option for young families and first-time homebuyers seeking more value for their investment. The demand in Croydon Hills is largely driven by its reputation for being a quiet and safe residential area with ample green spaces and well-maintained local amenities.

Living in Croydon Hills provides residents with a balanced lifestyle, combining the tranquility of suburban living with convenient access to urban necessities. The suburb is well-serviced with schools, parks, and recreational facilities, making it particularly appealing to families. Schools such as Yarra Valley Grammar and Luther College are nearby, offering excellent educational opportunities. Croydon Hills is also in proximity to shopping centers like Eastland Shopping Centre and local cafes and restaurants, providing residents with a variety of dining and shopping options. The community is active and engaged, often hosting events and activities that foster a neighborhood feel. Moreover, the area features scenic walking tracks and bike paths, supporting an active lifestyle amid a backdrop of natural beauty. With its strong sense of community and convenient facilities, Croydon Hills offers a fulfilling and comfortable living experience.

Croydon Hills Real Estate Market Outlook

Thinking about buying in Croydon Hills? Now could not be a better time, with 1779 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,392,000 with prices in this suburb ranging from $783,000 to $2,964,000. The aproximate distance to the coast is 26 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Croydon Hills ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Croydon Hills classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Croydon Hills requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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General Points of Interest

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