Suburb Profile Report for Niddrie VIC (3042)

Niddrie House: Median price $895,000, Annual capital growth 8.59%, Number of sales 85, Weekly median advertised rent $400

Niddrie Unit: Median price $632,250, Annual capital growth 7.92%, Number of sales 32, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Niddrie has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.11%

Across a shorter period, Niddrie, 3042 has seen a median price increase of 0.00% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Niddrie is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 535th in terms of most discounted suburbs in VIC

With the median price for a house in Niddrie being $895000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.32%

Giving property investors a a solid capital gain of 16.01% for the last year, Niddrie, 3042 is the 194th highest performer in Australia in this respect.

Niddrie,3042 has offered an average of 16.01% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -2.65% to buyers in Niddrie at the moment, which is less than average for the rest of VIC.

The VIC suburb of Niddrie, 3042 is in the Moonee Valley local government area.

Metrics i HOUSE UNIT
$895,000 $632,250
0.00% 5.02%
5.11% 16.01%
8.59% 7.92%
$400 $388
85 32
2.32% 3.19%
65.82 40.18

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
Chart Table
Recent sales & rentals