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 8.99% growth over a ten-year period. It ranks 222nd 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 16.74% for the past year, which is higher than average compared to its 67.17% growth within a five-year period.
With the median home price in NIDDRIE sitting at $1,056,500, and the average rent at $450, property owners could potentially earn a 2.21% 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.
A steady increase in median property prices over a five-year period in NIDDRIE, 3042 translates to a 41.7% capital gain.
NIDDRIE, 3042 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $610,000.
Profits due to an upward trend in home prices in NIDDRIE, 3042 averaged 13.9% per annum over a 3-year period.
Home owners selling their properties and realtors in NIDDRIE usually have to wait an average of 56.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $422.5 mark, reflecting a 3.6% increase in returns based on the current median price in NIDDRIE.