All About Niddrie, Moonee Valley, VIC, 3042

Niddrie, located in the Moonee Valley region of Victoria, has witnessed a dynamic housing market characterized by moderate growth and increasing demand. Over the years, this suburb has attracted both families and professionals, driven by its strategic location just about 10 kilometers north-west of Melbourne's Central Business District. The housing market in Niddrie offers a diverse range of options, from spacious family homes on leafy streets to modern apartments catering to young professionals. In recent years, the suburb has seen a steady increase in property values, reflecting its growing popularity and the quality of life it offers. The local real estate market is competitive, with properties often selling quickly, a testament to the high demand in this vibrant community.

Living in Niddrie is an experience defined by convenience and community spirit. The suburb offers a comfortable lifestyle with an array of amenities, including shopping centers like Niddrie Central and Keilor Road's bustling cafes and eateries. Residents enjoy easy access to quality educational institutions, parks, and recreational facilities, making it a particularly attractive place for families. The community is well-connected through public transport, with several bus routes and nearby tram services, facilitating straightforward commutes to Melbourne's city center. Niddrie's friendly and diverse community, combined with its blend of urban and suburban living, makes it an appealing choice for those seeking a balanced lifestyle in one of Melbourne's evolving suburbs.

Niddrie Real Estate Market Outlook

Thinking about buying in Niddrie? Now could not be a better time, with 3477 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,434,000 with prices in this suburb ranging from $320,000 to $4,274,000. Niddrie is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Niddrie driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Niddrie ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Niddrie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Niddrie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Niddrie we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Niddrie a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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