VIC has seen average median house prices change by 8.27% which means that Epping, 3076 has done well for property investors by showing a capital gain of 15.56% over the last year
A 23.16% growth in median value for property investors in Epping,3076 puts this suburb at number 341th in terms of best performing suburbs in VIC
Property buyers and investors in Epping 3076 should be seeing an average reduction in asking price of around -7.03% . This means that Epping is holding prices well when compared to other suburbs in VIC.
Epping is 271th on a list of best yielding suburbs for rents in VIC with a 3.89% return
Giving property investors a an unimpressive capital gain of 0.29% for the last year, Epping, 3076 is the 1084th highest performer in Australia in this respect.
Comparing Epping,3076 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Epping itself are offering an average vendor discount of -6.35% to real estate investors.
Often selling an investment property can take time, and in Epping the average time real estate has been on the market is 79.12 days.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.Full summary
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Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.Close
Analysis from Real Estate Investar shows they have dropped by 40% since the same time last year.
While options may be limited in the suburb, Epping may appeal to investors looking to take a punt on a relatively affordable area.
The current median house price in Epping is $400,000, and on average vendors are willing to discount their asking prices by 4%.
Those investors looking to buy in Epping will be hoping they get in before the boom, as the suburb has only returned capital growth of 10% over the past three years.
Despite the less than stellar performance of Epping in recent times, there are some positives. The suburb boasts its own train station, and a police
Pacific Epping is a well-known shopping facility, while Northern Hospital is located within the suburb.