Investment property in Epping has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.50%
A 50.96% growth in median value for property investors in Epping,3076 puts this suburb at number 126th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Epping is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 365th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Epping is an average performer in VIC when comparing median price capital growth over the last year. Epping gave property investors a good capital gain figure when compared to the rest of the state, with 11.71%.
Epping,3076 was ranked 790 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Epping are currently offering property investors an average price cut of -3.47% below the asking price at the moment.
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.