NSW has seen average median house prices change by 0.15% which means that Epping, 2121 has done well for property investors by showing a capital gain of 3.32% over the last year
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 buyers and investors in Epping 2121 should be seeing an average reduction in asking price of around -6.90% . This means that Epping is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 7.72%, investors should hope to achieve an overall return of 2.17%
Epping is an average performer in NSW when comparing median price capital growth over the last year. Epping gave property investors a average capital gain figure when compared to the rest of the state, with -2.24%.
Comparing Epping,2121 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Epping 2121 should be seeing an average reduction in asking price of around -4.99% . This means that Epping is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Epping being $785000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.64%
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.