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Niddrie
AREA REPORTS

Niddrie

Niddrie - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3042

house
unit

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 5.19% growth over a ten-year period. It ranks 2260th on our list of suburbs that property investors should look into.

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

NIDDRIE, 3042 has a capital gain of 9.17% for the past year, which is higher than average compared to its 39.43% growth within a five-year period.

With the median home price in NIDDRIE sitting at $1,220,000, and the average rent at $450, property owners could potentially earn a 1.92% 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.

Data report can be found below

Niddrie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,220,000 $765,000
GROWTH REPORT
Median Quarterly 1.67% 3.31%
Median 12 month 9.17% 11.48%
Median 3 years 16.19% 17.24%
Median 5 years 39.43% 24.14%
10 years average annual 5.19% 4.82%
Weekly media advert. rent $450 $465
Time on Market 45.8 days 79.1 days
Gross Rental Yield Percent 1.92% 3.16%
demographics (median values)*
Total Population
15766
Weekly Household Income
1461
Household Size
2.50
Age
40
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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