Niddrie

POSTAL CODE: VIC, 3042
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Based on its average 5-year and quarterly capital gains NIDDRIE, 3042 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that NIDDRIE, 3042 obtained a 4.9% growth over a ten-year period. It ranks 3211th on our list of suburbs that property investors should look into.

NIDDRIE, 3042 in VIC belongs to the local government area of Moonee Valley.

NIDDRIE, 3042 has a capital gain of 6.58% for the past year, which is higher than average compared to its 21.81% growth within a five-year period.

With the median home price in NIDDRIE sitting at $1,279,000, and the average rent at $672.5, property owners could potentially earn a 2.73% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in NIDDRIE are low, as opposed to average gains per annum over the past five years.

Surburb overview

Niddrie is a suburb located approximately 11 kilometres north-west of Melbourne's Central Business District, within the City of Moonee Valley.  According to the 2021 census, it has a population of 5,901 residents. 

The suburb's demographic profile reveals a median age of 40 years. A significant portion of the population, 76.0%, was born in Australia, with notable communities from Italy (2.4%), England (2.0%), India (1.7%), China (1.1%), and Vietnam (0.8%).  In terms of ancestry, the most common responses include Australian (25.7%), English (24.0%), Italian (20.4%), Irish (12.1%), and Scottish (6.5%). 

Public transportation in Niddrie is well-established. Tram route 59 operates between Airport West and the city, passing through Niddrie along Keilor Road.  Additionally, several bus routes connect residents to neighbouring suburbs and critical destinations. The suburb's proximity to major freeways, including the Calder Freeway, facilitates convenient access for motorists. 

Niddrie is equipped with essential establishments. The main shopping centre is located on Keilor Road, featuring a variety of cafes, restaurants, and retail outlets.  Healthcare facilities are accessible, with several medical centres and clinics in the surrounding areas. Educational institutions like Niddrie Primary School, Essendon Keilor College, and Penleigh and Essendon Grammar School serve the local community. 

Recreational activities are abundant in Niddrie. Steele Creek runs through the suburb, with the Steele Creek Trail alongside, providing opportunities for walking and cycling.  The suburb also features several parks and reserves, offering sports and leisure activities facilities. The nearby Direct Factory Outlet (DFO) in Essendon provides further shopping and entertainment options. 

Niddrie is a suburban area with a blend of residential amenities, public transport options, and recreational facilities, contributing to its community-oriented atmosphere. 

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