Giving property investors a a solid capital gain of 25.21% for the last year, Epping, 3076 is the 172th highest performer in Australia in this respect.
The five-year average increase in median property values for Epping,3076 has given property investors a potential capital gain of 69.30% across each of those five years.
Property investors looking for a bargain in Epping should be aiming for at least -5.02% off the asking price, which is the average vendor discount being achieved at the moment.
At number 655 in a list of fastest selling suburbs, Epping is in the TOP 20% of suburbs in Australia with an average of days on market 47.64 for properties listed there.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 7.81%, investors should hope to achieve an overall return of 3.16%
Epping, 3076 ranked 190th in VIC when comparing growth in median property values or capital gain over the last 12 months. Epping is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Epping has given property investors a paper return of 0.86%. This puts Suburb as 223 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -7.93% to buyers in Epping at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.
Epping is 119th on a list of best yielding suburbs for rents in VIC with a 4.41% return
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.