Suburb Profile Report for Epping VIC (3076)

Epping House: Median price $480,000, Annual capital growth 6.10%, Number of sales 423, Weekly median advertised rent $350

Epping Unit: Median price $360,000, Annual capital growth 4.05%, Number of sales 106, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Epping has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.01% to date .

Comparing Epping,3076 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -5.53% to buyers in Epping at the moment, which is less than average for the rest of VIC.

Residents and property investors in Epping have been waiting around 69.12 days to sell a property.

Epping is 277th on a list of best yielding suburbs for rents in VIC with a 3.79% return

Property value increases in Epping have tracked just higher than the VIC average of 4.28% over the last 12 months.

A 16.32% growth in median value for property investors in Epping,3076 puts this suburb at number 42th in terms of best performing suburbs in VIC

The most recent median price for Epping is $360000, with sellers offering an average of -5.96% off the asking price.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 4.05%.

YIP MAG Information supplied by:

YIP MAG
May 2016

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Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.Full summary

Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.

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
station.

Pacific Epping is a well-known shopping facility, while Northern Hospital is located within the suburb.

Close
Metrics i HOUSE UNIT
$480,000 $360,000
3.23% 6.67%
16.01% 6.67%
6.10% 4.05%
$350 $320
423 106
3.79% 4.62%
69.12 80.04

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Epping VIC
Demographics
Total population 26345
Median household income ($/weekly) 1283
Median age of persons 32
Median housing loan repayment ($/monthly) 1803
Average household size 3
  • Census Count Percent(%)
    5-14 years 3426 13.0
    25-34 years 4859 18.4
    35-44 years 3983 15.1
    45-54 years 3422 13.0
    55-64 years 2528 9.6
    Others 8128 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 10484 54.1
    Not Married 7753 40.0
    Defacto Relationship 1153 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 16084 64.0
    Germany 949 3.8
    Indonesia 1485 5.9
    Japan 772 3.1
    Other 1354 5.4
    Others 4492 17.9
    Country of Birth
    Census Count Percent(%)
    Christianity 16364 67.0
    Hinduism 964 3.9
    Islam 1986 8.1
    Other Religious Groups 903 3.7
    No Religion 3345 13.7
    Others 880 3.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 740 9.8
    $1,000-$1,249 804 10.6
    $1,250-$1,499 739 9.8
    $1,500-$1,999 1271 16.8
    $2,000-$2,499 895 11.8
    Others 3112 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8140 41.2
    Not in the labour force 6570 33.2
    Employed, worked part-time 3477 17.6
    Employed, away from work 806 4.1
    Unemployed, looking for work 768 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1662 13.4
    Technicians & trades workers 1943 15.6
    Clerical & administrative workers 2081 16.8
    Machinery operators & drivers 1365 11.0
    Labourers 1504 12.1
    Others 3865 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 458 7.6
    Infants/Primary 2042 34.1
    Secondary 1756 29.3
    Technical or Further Educational Institution 618 10.3
    University or other Tertiary Institutions 855 14.3
    Others 267 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 21058 83.8
    Semi-detached, row or terrace house, townhouse 2842 11.3
    Flat, unit or apartment 1235 4.9
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 4096 49.8
    Fully owned 2190 26.6
    Rented 1884 22.9
    Other tenure type 49 0.6
    Tenure Type
Census 2011, ABS
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