Suburb Profile Report for Epping VIC (3076)

Epping House: Median price $564,000, Annual capital growth 6.34%, Number of sales 299, Weekly median advertised rent $380

Epping Unit: Median price $365,000, Annual capital growth 2.26%, Number of sales 76, Weekly median advertised rent $350

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -7.54% for the last year, Epping, 3076 is the 3148th highest performer in Australia in this respect.

While Epping,3076 ranked number 647th in VIC for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.

The most recent median price for Epping is $564000, with sellers offering an average of -5.63% off the asking price.

With the median price for a house in Epping being $564000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.50%

VIC has seen average median house prices change by 0.74% which means that Epping, 3076 has done well for property investors by showing a capital gain of -2.80% over the last year

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.

LACK OF BUYER INTEREST may well be the reason that Epping is offering property investors an average of -5.94. This rate of discount on properties puts Suburb at number 108th in terms of most discounted suburbs in VIC

At number 157 in a list of fastest selling suburbs, Epping is in the TOP 20% of suburbs in Australia with an average of days on market 51.775 for properties listed there.

With the median price for a house in Epping being $365000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.99%

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
$564,000 $365,000
-6.00% 4.29%
-7.54% -2.80%
6.34% 2.26%
$380 $350
299 76
3.50% 4.99%
65.9551282051282 51.775

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (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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