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 19.59%.
Over the longer term, Epping has seen property prices show investors a 36.36% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Epping, 3076. Typically our figures indicate that -3.94% is being offered, which puts this VIC suburb at 2971th most discounted overall in Australia.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 6.99%.
Property value increases in Epping have tracked just higher than the VIC average of 5.66% over the last 12 months.
The five-year average increase in median property values for Epping,3076 has given property investors a potential capital gain of 28.04% across each of those five years.
The most recent median price for Epping is $379000, with sellers offering an average of -4.96% off the asking price.
Often selling an investment property can take time, and in Epping the average time real estate has been on the market is 65.97 days.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
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.