With a capital gain of 10.00% for the last 12 months, Epping, 3076 has performed for property investments than its average annual 5.55% property growth over the last 5 years.
The five-year average increase in median property values for Epping,3076 has given property investors a potential capital gain of 14.29% across each of those five years.
Our latest figures would indicate that property sellers in Epping are currently offering property investors an average price cut of -6.40% below the asking price at the moment.
Epping is 242th on a list of best yielding suburbs for rents in VIC with a 4.14% return
Epping is in the bottom 40% in VIC when comparing median price capital growth over the last year. Epping gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.30%.
When looking at the potential capital gains offered to property investors over the last 3 years, Epping comes in at number 231th in VIC.
The most recent median price for Epping is $334750, with sellers offering an average of -4.38% off the asking price.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 4.00%.
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.