Suburb Profile Report for Epsom VIC (3551)

Epsom House: Median price $376,250, Annual capital growth 3.57%, Number of sales 100, Weekly median advertised rent $350

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 1220th in the list of Australian suburbs ordered by increase in median house value over the last year, Epsom, 3551 is in the top 30% with a property value increase of 5.24% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Epsom has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Epsom are currently offering property investors an average price cut of -3.32% below the asking price at the moment.

Advertised rents are around the $350 mark per week – giving a return of 4.84% based on the median price in Suburb

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Epsom, VIC – Aiming for new heights

Postcode: 3551

Median house price: $360,000

Three-year growth: 5.9%

Rental yield: 5.0%

Epsom is an inland suburb of Bendigo. Recent development activities and the suburb’s strategic location mean it’s well poised for future growth.

Plenty of amenities are within immediate reach at the newly expanded Village Epsom Shopping Village, and there is also a recreation reserve and a primary school in the suburb.

The flourishing nearby city of Bendigo not only offers work opportunities close to home but is also a historically rich area that residents can enjoy in their downtime – featuring many repurposed Victorian-style buildings, a busy local culture and arts scene, as well as fine-quality cuisine and wine.

Metrics i HOUSE UNIT
$376,250 N/A
2.38% N/A
5.24% N/A
3.57% N/A
$350 N/A
100 N/A
4.84% N/A
46.5432098765432 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2687
Median household income ($/weekly) 1294
Median age of persons 29
Median housing loan repayment ($/monthly) 1625
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 267 9.9
    5-14 years 408 15.2
    25-34 years 588 21.9
    35-44 years 371 13.8
    45-54 years 275 10.2
    Others 779 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 925 49.8
    Not Married 662 35.6
    Defacto Relationship 272 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2437 94.6
    Papua New Guinea 31 1.2
    South Africa 11 0.4
    United Kingdom 22 0.9
    Other 27 1.0
    Others 47 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1613 65.3
    Hinduism 8 0.3
    Islam 8 0.3
    Other Religious Groups 6 0.2
    No Religion 828 33.5
    Others 7 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 90 10.4
    $1,000-$1,249 97 11.2
    $1,250-$1,499 99 11.4
    $1,500-$1,999 156 18.0
    $2,000-$2,499 96 11.1
    Others 328 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 889 46.1
    Not in the labour force 498 25.8
    Employed, worked part-time 393 20.4
    Employed, away from work 105 5.4
    Unemployed, looking for work 43 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 250 18.0
    Technicians & trades workers 253 18.2
    Clerical & administrative workers 194 14.0
    Sales 154 11.1
    Labourers 148 10.6
    Others 391 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 69 10.4
    Infants/Primary 269 40.5
    Secondary 159 23.9
    Technical or Further Educational Institution 80 12.0
    University or other Tertiary Institutions 64 9.6
    Others 23 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2539 99.3
    Caravan, cabin, houseboat 14 0.5
    Semi-detached, row or terrace house, townhouse 5 0.2
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 489 53.2
    Rented 255 27.7
    Fully owned 172 18.7
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
Chart Table