Suburb Profile Report for Niddrie VIC (3042)

Niddrie House: Median price $890,000, Annual capital growth 8.30%, Number of sales 79, Weekly median advertised rent $400

Niddrie Unit: Median price $617,500, Annual capital growth 7.24%, Number of sales 33, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Niddrie is an average performer in VIC when comparing median price capital growth over the last year. Niddrie gave property investors a average capital gain figure when compared to the rest of the state, with 7.23%.

While Niddrie,3042 ranked number 437th in VIC for increase in median house value (annualised) increase, it is ranked 327th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Niddrie itself are offering an average vendor discount of -3.05% to real estate investors.

Residents and property investors in Niddrie have been waiting around 64.43 days to sell a property.

Niddrie has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.30% to date .

Niddrie,3042 was ranked 236 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Niddrie should be aiming for at least -2.53% off the asking price, which is the average vendor discount being achieved at the moment.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.20%, without taking into account capital value appreciation, which has been averaging out at 7.24%.

HOUSE UNIT
$890,000 $617,500
1.14% 5.20%
7.23% 13.30%
8.30% 7.24%
$400 $380
79 33
2.34% 3.20%
64.43 47.68

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Niddrie VIC
Demographics
Total population 4874
Median household income ($/weekly) 1452
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 586 12.0
    25-34 years 608 12.5
    35-44 years 806 16.5
    45-54 years 687 14.1
    55-64 years 487 10.0
    Others 1702 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 1868 49.8
    Not Married 1605 42.8
    Defacto Relationship 280 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3663 77.8
    Indonesia 97 2.1
    Japan 158 3.4
    United Kingdom 135 2.9
    Other 158 3.4
    Others 496 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 1.2
    Christianity 3630 79.6
    Hinduism 52 1.1
    Islam 55 1.2
    No Religion 726 15.9
    Others 39 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 164 9.9
    $600-$799 139 8.4
    $1,500-$1,999 206 12.4
    $2,000-$2,499 191 11.5
    $2,500-$2,999 193 11.6
    Others 769 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1592 41.9
    Not in the labour force 1256 33.1
    Employed, worked part-time 719 18.9
    Employed, away from work 143 3.8
    Unemployed, looking for work 86 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 324 13.2
    Professionals 587 23.9
    Technicians & trades workers 342 13.9
    Clerical & administrative workers 447 18.2
    Sales 249 10.1
    Others 509 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 86 7.8
    Infants/Primary 384 34.9
    Secondary 328 29.8
    Technical or Further Educational Institution 96 8.7
    University or other Tertiary Institutions 172 15.6
    Others 35 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3709 78.2
    Semi-detached, row or terrace house, townhouse 672 14.2
    Flat, unit or apartment 350 7.4
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 751 42.0
    Being purchased 665 37.2
    Rented 368 20.6
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals