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.
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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.