Property investors who have had real estate in Epping, 3076 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.55%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Epping has increased when compared to the 5 year average annual rate.
Epping3076 is located in VIC which offers an average discount of -5.61% to property investors. Epping itself is showing figures that indicate -5.12% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Investment property in Epping has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.65%
Over the longer term, Epping has seen property prices show investors a 1.74% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Epping is $350000, with sellers offering an average of -5.51% off the asking price.
Epping is 48th on a list of best yielding suburbs for rents in VIC with a 5.20% return
Information supplied by:
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.