Giving property investors a a stable capital gain of 9.40% for the last year, Epping, 3076 is the 935th highest performer in Australia in this respect.
Epping,3076 was ranked 3003 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Epping should be aiming for at least -6.62% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 30.67 sales per month, which equates to 368 per year.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 7.45%.
Epping, 3076 ranked 268th in VIC when comparing growth in median property values or capital gain over the last 12 months. Epping is one of 2099 in our list for VIC
Epping,3076 was ranked 1349 in Australia by increase in median property value over the quarter.
Vendor discounting in Epping is giving property investors an average Vendor Discount of around -7.50%. This puts suburb at number 61th in VIC when ranking the most discounted suburbs.
In the last year 101 properties changed hands in Epping, which puts it as the 64th most active market in VIC when comparing the number of sales per suburb.
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.