Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Based on its average 5-year and quarterly capital gains EPPING, 2121 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that EPPING, 2121 obtained a 7.87% growth over a ten-year period. It ranks 230th on our list of suburbs that property investors should look into.
EPPING, 2121 in NSW belongs to the local government area of Parramatta (C).
EPPING, 2121 has a capital gain of 21.33% for the past year, which is higher than average compared to its 12.31% growth within a five-year period.
With the median home price in EPPING sitting at $1,820,000, and the average rent at $655, property owners could potentially earn a 1.87% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EPPING are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,820,000 | $796,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.55% | -0.5% |
| Median 12 month | 21.33% | 3.38% |
| Median 3 years | -0.87% | -9.03% |
| Median 5 years | 12.31% | -4.1% |
| 10 years average annual | 7.87% | 3.64% |
| Weekly media advert. rent | $655 | $500 |
| Time on Market | 78.3 days | 78.2 days |
| Gross Rental Yield Percent | 1.87% | 3.27% |
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