With a capital gain of 6.60% for the last 12 months, Niddrie, 3042 has performed for property investments than its average annual 8.49% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Niddrie comes in at number 225th in VIC.
Sellers are offering property buyers an average discount of -3.05% 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 69.25 days.
With the median price for a house in Niddrie being $880000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 2.33%
Giving property investors a a solid capital gain of 12.76% for the last year, Niddrie, 3042 is the 276th highest performer in Australia in this respect.
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.
The most recent median price for Niddrie is $592000, with sellers offering an average of -2.58% off the asking price.
Residents and property investors in Niddrie have been waiting around 46.85 days to sell a property.
Property investors should expect to get $375 weekly from the median priced house in this suburb.