Giving property investors a an unimpressive capital gain of -7.54% for the last year, Epping, 3076 is the 3148th highest performer in Australia in this respect.
While Epping,3076 ranked number 647th in VIC for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.
The most recent median price for Epping is $564000, with sellers offering an average of -5.63% off the asking price.
With the median price for a house in Epping being $564000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.50%
VIC has seen average median house prices change by 0.74% which means that Epping, 3076 has done well for property investors by showing a capital gain of -2.80% 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.
LACK OF BUYER INTEREST may well be the reason that Epping is offering property investors an average of -5.94. This rate of discount on properties puts Suburb at number 108th in terms of most discounted suburbs in VIC
At number 157 in a list of fastest selling suburbs, Epping is in the TOP 20% of suburbs in Australia with an average of days on market 51.775 for properties listed there.
With the median price for a house in Epping being $365000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.99%
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Twenty kilometres north of the Melbourne CBD, Epping has seen stock levels tighten significantly in the past 12 months.
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.