Property value increases in Epping have tracked just higher than the VIC average of 9.78% over the last 12 months.
Epping,3076 was ranked 1216 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Epping are currently offering property investors an average price cut of -5.36% below the asking price at the moment.
Property value increases in Epping have tracked close to the VIC average of 4.83% over the last 12 months.
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.
Property investors looking for a bargain in Epping should be aiming for at least -5.21% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
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.