Property value increases in Epping have tracked just lower than the NSW average of -4.21% over the last 12 months.
Epping,2121 has offered an average of -11.24% return per annum in house price rises to property investors over the last three years.
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, 2121. Typically our figures indicate that -8.51% is being offered, which puts this NSW suburb at 693th most discounted overall in Australia.
Using the current median advertised rental of $690 and the average annual increase in value of a median property of 7.37%, investors should hope to achieve an overall return of 2.39%
Property investors who have had real estate in Epping, 2121 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.91%
A 3.73% growth in median value for property investors in Epping,2121 puts this suburb at number 341th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Epping should be aiming for at least -6.34% off the asking price, which is the average vendor discount being achieved at the moment.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 4.64%.
Information supplied by:
Epping, NSW – Unit stock is up
Median unit price: $800,000
Stock on market: 33.7%
12-month growth: -5.9%
A remarkable growth suburb of Sydney for property investment, Epping is located just 18km northwest of the capital’s CBD and is part of the Northern Suburbs region. In this area, unit supply soared from 158 in June 2018 to 215 after 12 months.
For future infrastructure considerations, Epping is a contender to house the first store of the German supermarket chain Kaufland in Australia. There’s also a Coles supermarket along with small local stores. Restaurants are scattered near the railway station. Students from Macquarie University often flock to the Epping RSL Club for recreation. All these factors making Epping a hot area for investment.
Epping station connects the Northern Line of the Sydney Trains network to the Central Coast and Newcastle Line of the NSW Trainlink and the Sydney Metro Northwest.