At number 679th in the list of Australian suburbs ordered by increase in median house value over the last year, Epping, 3076 is in the top 20% with a property value increase of 16.28% recorded in median house prices.
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.
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 -3.84% is being offered, which puts this VIC suburb at 3075th most discounted overall in Australia.
Situated 20.51km from the CBD, Epping is one of Whittlesea localities in the postcode 3076.
At number 496th in the list of Australian suburbs ordered by increase in median house value over the last year, Epping, 3076 is in the top 30% with a property value increase of 9.48% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Epping comes in at number 148th in VIC.
At number 157th of VIC’s most discounted properties, Epping is in the middle of the state/territory when listing in order of most discounted to least.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 4.42%.
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.