Epping has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.40% to date .
If we look at median property appreciation over just the last three months, Epping has given property investors a paper return of 0.41%. This puts Suburb as 369 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -6.57% to buyers in Epping at the moment, which is less than average for the rest of VIC.
In the last year 386 properties changed hands in Epping, which puts it as the 21th most active market in VIC when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 7.63%.
If you compare the increase in value of investment property in Epping, 3076 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.21%.
Across a shorter period, Epping, 3076 has seen a median price increase of 1.56% over the last quarter.
Property buyers and investors in Epping 3076 should be seeing an average reduction in asking price of around -9.70% . This means that Epping is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Epping the average time real estate has been on the market is 43.61 days.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.
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.