VIC has seen average median house prices change by 11.00% which means that Niddrie, 3042 has done well for property investors by showing a capital gain of 18.68% over the last year
The five-year average increase in median property values for Niddrie,3042 has given property investors a potential capital gain of 61.45% across each of those five years.
Property buyers and investors in Niddrie 3042 should be seeing an average reduction in asking price of around -2.25% . This means that Niddrie is holding prices well when compared to other suburbs in VIC.
At number 554 in a list of fastest selling suburbs, Niddrie is in the TOP 20% of suburbs in Australia with an average of days on market 44.17 for properties listed there.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.17%, without taking into account capital value appreciation, which has been averaging out at 10.29%.
With a capital gain of 3.48% for the last 12 months, Niddrie, 3042 has performed for property investments than its average annual 4.64% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Niddrie,3042 has racked up an average of 3.48% over the period. This ranks it number 571th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Niddrie is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 290th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Niddrie is 271th on a list of best yielding suburbs for rents in VIC with a 3.50% return