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%.
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.