Suburb Profile Report for Epping VIC (3076)

Epping House: Median price $568,250, Annual capital growth 5.37%, Number of sales 314, Weekly median advertised rent $390

Epping Unit: Median price $400,500, Annual capital growth 2.67%, Number of sales 81, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Epping is in the bottom 20% in VIC when comparing median price capital growth over the last year. Epping gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.44%.

Comparing Epping,3076 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Epping3076 is located in VIC which offers an average discount of -6.34% to property investors. Epping itself is showing figures that indicate -5.85% is the average achievable by property buyers investing in the suburb.

Epping is 273th on a list of best yielding suburbs for rents in VIC with a 3.57% return

Property value increases in Epping have tracked just higher than the VIC average of 7.35% over the last 12 months.

While Epping,3076 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 210th over the last 5 years.

Epping, 3076 is offering VIC ‘s 232th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

YIP MAG Information supplied by:

YIP MAG
May 2016

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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
station.

Pacific Epping is a well-known shopping facility, while Northern Hospital is located within the suburb.

Metrics i HOUSE UNIT
$568,250 $400,500
2.48% 0.00%
-3.44% 14.76%
5.37% 2.67%
$390 $350
314 81
3.57% 4.54%
75.8695652173913 47.1395348837209

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 26345
Median household income ($/weekly) 1283
Median age of persons 32
Median housing loan repayment ($/monthly) 1803
Average household size 3
  • Census Count Percent(%)
    5-14 years 3426 13.0
    25-34 years 4859 18.4
    35-44 years 3983 15.1
    45-54 years 3422 13.0
    55-64 years 2528 9.6
    Others 8128 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 10484 54.1
    Not Married 7753 40.0
    Defacto Relationship 1153 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 16084 64.0
    Germany 949 3.8
    Indonesia 1485 5.9
    Japan 772 3.1
    Other 1354 5.4
    Others 4492 17.9
    Country of Birth
    Census Count Percent(%)
    Christianity 16364 67.0
    Hinduism 964 3.9
    Islam 1986 8.1
    Other Religious Groups 903 3.7
    No Religion 3345 13.7
    Others 880 3.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 740 9.8
    $1,000-$1,249 804 10.6
    $1,250-$1,499 739 9.8
    $1,500-$1,999 1271 16.8
    $2,000-$2,499 895 11.8
    Others 3112 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8140 41.2
    Not in the labour force 6570 33.2
    Employed, worked part-time 3477 17.6
    Employed, away from work 806 4.1
    Unemployed, looking for work 768 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1662 13.4
    Technicians & trades workers 1943 15.6
    Clerical & administrative workers 2081 16.8
    Machinery operators & drivers 1365 11.0
    Labourers 1504 12.1
    Others 3865 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 458 7.6
    Infants/Primary 2042 34.1
    Secondary 1756 29.3
    Technical or Further Educational Institution 618 10.3
    University or other Tertiary Institutions 855 14.3
    Others 267 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 21058 83.8
    Semi-detached, row or terrace house, townhouse 2842 11.3
    Flat, unit or apartment 1235 4.9
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 4096 49.8
    Fully owned 2190 26.6
    Rented 1884 22.9
    Other tenure type 49 0.6
    Tenure Type
Census 2011, ABS
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