Over the last year, property investments in Epping, 3076 have given investors a capital gain of -12.20%. This compares very badly with the -1.79% for VIC as a whole.
Epping,3076 has offered an average of -12.20% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Epping are currently offering property investors an average price cut of -5.61% below the asking price at the moment.
Property investors should expect to get $385 weekly from the median priced house in this suburb.
Over the last year, property investments in Epping, 3076 have given investors a capital gain of -0.27%. This compares averagely with the 0.68% for VIC as a whole.
Over the longer term, Epping has seen property prices show investors a 10.28% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Epping is giving property investors an average Vendor Discount of around -3.75%. This puts suburb at number 234th in VIC when ranking the most discounted suburbs.
The VIC suburb of Epping, 3076 is in the Whittlesea (C) local government area.
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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.