With a capital gain of 11.90% for the last 12 months, Niddrie, 3042 has performed for property investments than its average annual 9.25% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Niddrie has increased when compared to the 5 year average annual rate.
Niddrie3042 is located in VIC which offers an average discount of -5.71% to property investors. Niddrie itself is showing figures that indicate -2.56% is the average achievable by property buyers investing in the suburb.
Niddrie is in the TOP 20% in VIC when comparing median price capital growth over the last year. Niddrie gave property investors a very good capital gain figure when compared to the rest of the state, with 16.68%.
Niddrie,3042 was ranked 615 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Niddrie are currently offering property investors an average price cut of -2.32% below the asking price at the moment.
In the last year 34 properties changed hands in Niddrie, which puts it as the 242th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.