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 15.00%.
Epping,3076 has offered an average of 15.00% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Epping itself are offering an average vendor discount of -6.67% to real estate investors.
Advertised rents are around the $350 mark per week – giving a return of 3.96% based on the median price in Suburb
Epping, 3076 ranked 249th in VIC when comparing growth in median property values or capital gain over the last 12 months. Epping is one of 2098 in our list for VIC
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 -4.99% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 3.79%, investors should hope to achieve an overall return of 4.97%
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.