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 2.81%.
The five-year average increase in median property values for Niddrie,3042 has given property investors a potential capital gain of 70.49% across each of those five years.
Our latest figures would indicate that property sellers in Niddrie are currently offering property investors an average price cut of -5.61% below the asking price at the moment.
A $450 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 7.85%.
Giving property investors a an average capital gain of 1.48% for the last year, Niddrie, 3042 is the 875th highest performer in Australia in this respect.
Over the longer term, Niddrie has seen property prices show investors a 16.24% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Niddrie is offering property investors an average of -4.82. This rate of discount on properties puts Suburb at number 39th in terms of most discounted suburbs in VIC