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
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.