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%.