If you compare the increase in value of investment property in Epping, 3076 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.19%.
Over the longer term, Epping has seen property prices show investors a 26.23% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Epping itself are offering an average vendor discount of -6.94% to real estate investors.
With the median price for a house in Epping being $460750 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.95%
VIC has seen average median house prices change by 3.11% which means that Epping, 3076 has done well for property investors by showing a capital gain of -2.33% over the last year
Epping,3076 has offered an average of -2.33% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Epping is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 196th in terms of most discounted suburbs in VIC
With the median price for a house in Epping being $336000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.95%
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.