Property investors who have had real estate in Epping, 2121 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.24%
While Epping,2121 ranked number 725th in NSW for increase in median house value (annualised) increase, it is ranked 116th over the last 5 years.
Property buyers and investors in Epping 2121 should be seeing an average reduction in asking price of around -6.70% . This means that Epping is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Epping, 2121 is in the Parramatta local government area.
Epping is in the bottom 20% in NSW when comparing median price capital growth over the last year. Epping gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.47%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Epping has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Epping is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 305th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Epping the average time real estate has been on the market is 71.51 days.
Epping is 480th on a list of best yielding suburbs for rents in NSW with a 3.35% return