Property market update: Sydney, March 2020
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
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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 7.59% growth over a ten-year period. It ranks 700th 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 -4.48% for the past year, which is lower than average compared to its 18.52% growth within a five-year period.
With the median home price in EPPING sitting at $1,600,000, and the average rent at $700, property owners could potentially earn a 2.28% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EPPING are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,600,000 | $785,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.67% | 3.29% |
| Median 12 month | -4.48% | -4.15% |
| Median 3 years | -6.45% | -7.43% |
| Median 5 years | 18.52% | 6.08% |
| 10 years average annual | 7.59% | 4.34% |
| Weekly media advert. rent | $700 | $550 |
| Time on Market | 73.5 days | 84.8 days |
| Gross Rental Yield Percent | 2.28% | 3.64% |
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