Suburb Profile Report for Niddrie VIC (3042)

Niddrie House: Median price $1,050,000, Annual capital growth 7.91%, Number of sales 60, Weekly median advertised rent $460

Niddrie Unit: Median price $700,000, Annual capital growth 5.50%, Number of sales 39, Weekly median advertised rent $460

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Niddrie, 3042 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.87%.

The five-year average increase in median property values for Niddrie,3042 has given property investors a potential capital gain of 40.94% across each of those five years.

Vendor discounting in Niddrie is giving property investors an average Vendor Discount of around -6.05%. This puts suburb at number 387th in VIC when ranking the most discounted suburbs.

In the last year 60 properties changed hands in Niddrie, which puts it as the 361th most active market in VIC when comparing the number of sales per suburb.

Niddrie is in the TOP 20% in VIC when comparing median price capital growth over the last year. Niddrie gave property investors a very good capital gain figure when compared to the rest of the state, with 11.11%.

A 40.03% growth in median value for property investors in Niddrie,3042 puts this suburb at number 38th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Niddrie are currently offering property investors an average price cut of -7.02% below the asking price at the moment.

Advertised rents are around the $460 mark per week – giving a return of 3.42% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,050,000 $700,000
5.00% 8.02%
-1.87% 11.11%
7.91% 5.50%
$460 $460
60 39
2.28% 3.42%
59.7608695652174 79.9047619047619

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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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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