Epping is in the TOP 20% in VIC when comparing median price capital growth over the last year. Epping gave property investors a very good capital gain figure when compared to the rest of the state, with 15.16%.
Epping,3076 was ranked 1585 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Epping should be aiming for at least -5.51% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1466 in a list of fastest selling suburbs, Epping is in the TOP 40% of suburbs in Australia with an average of days on market 70.31 for properties listed there.
With the median price for a house in Epping being $471000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.86%
At number 881th in the list of Australian suburbs ordered by increase in median house value over the last year, Epping, 3076 is in the BOTTOM 50% with a property value increase of 2.45% recorded in median house prices.
Epping,3076 has offered an average of 2.45% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Epping 3076 should be seeing an average reduction in asking price of around -5.85% . This means that Epping is holding prices well when compared to other suburbs in VIC.
Epping is 96th on a list of best yielding suburbs for rents in VIC with a 4.90% return
Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.Full summary
Information supplied by:
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.