Suburb Profile Report for Niddrie VIC (3042)

Niddrie House: Median price $890,000, Annual capital growth 8.28%, Number of sales 87, Weekly median advertised rent $400

Niddrie Unit: Median price $647,000, Annual capital growth 7.80%, Number of sales 31, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Niddrie, 3042 have given investors a capital gain of 6.59%. This compares badly with the 8.12% for VIC as a whole.

The five-year average increase in median property values for Niddrie,3042 has given property investors a potential capital gain of 27.14% across each of those five years.

Sellers are offering property buyers an average discount of -3.39% to buyers in Niddrie at the moment, which is less than average for the rest of VIC.

Residents and property investors in Niddrie have been waiting around 60.93 days to sell a property.

With a capital gain of 19.81% for the last 12 months, Niddrie, 3042 has performed for property investments than its average annual 7.80% property growth over the last 5 years.

A 37.44% growth in median value for property investors in Niddrie,3042 puts this suburb at number 23th in terms of best performing suburbs in VIC

Vendor discounting in Niddrie is giving property investors an average Vendor Discount of around -2.04%. This puts suburb at number 311th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

HOUSE UNIT
$890,000 $647,000
-0.56% 9.29%
6.59% 19.81%
8.28% 7.80%
$400 $395
87 31
2.34% 3.17%
60.93 46.23

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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Recent sales & rentals