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