Suburb Profile Report for Niddrie VIC (3042)

Niddrie House: Median price $905,000, Annual capital growth 8.42%, Number of sales 88, Weekly median advertised rent $400

Niddrie Unit: Median price $666,250, Annual capital growth 7.69%, Number of sales 34, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Niddrie has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.07% to date .

Over the longer term, Niddrie has seen property prices show investors a 27.46% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -2.71% to buyers in Niddrie at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Niddrie the average time real estate has been on the market is 61.98 days.

Niddrie is 519th on a list of best yielding suburbs for rents in VIC with a 2.30% return

Over the last year, property investments in Niddrie, 3042 have given investors a capital gain of 19.24%. This compares very favourably with the 4.26% for VIC as a whole.

Niddrie,3042 has offered an average of 19.24% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Niddrie is giving property investors an average Vendor Discount of around -2.93%. This puts suburb at number 293th in VIC when ranking the most discounted suburbs.

Metrics i HOUSE UNIT
$905,000 $666,250
1.12% 4.31%
6.07% 19.24%
8.42% 7.69%
$400 $400
88 34
2.30% 3.12%
61.98 47.13

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
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