Epping

POSTAL CODE: NSW, 2121

HOUSE

UNIT

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 5.77% growth over a ten-year period. It ranks 2175th on our list of suburbs that property investors should look into.

EPPING, 2121 in NSW belongs to the local government area of Parramatta.

EPPING, 2121 has a capital gain of 6.25% for the past year, which is lower than average compared to its 53.47% growth within a five-year period.

With the median home price in EPPING sitting at $2,762,500, and the average rent at $850, property owners could potentially earn a 1.6% 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.

A steady increase in median property prices over a five-year period in EPPING, 2121 translates to a 7.19% capital gain.

Property investors enjoyed capital gains of 2.5% over the last 12 months in EPPING, translating to lower returns compared with its peers in NSW.

EPPING, 2121 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $820,000.

Profits due to an upward trend in home prices in EPPING, 2121 averaged 2.4% per annum over a 3-year period.

Home owners selling their properties and realtors in EPPING usually have to wait an average of 59 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $750 mark, reflecting a 4.76% increase in returns based on the current median price in EPPING.

EPPING, 2121 places 312th in Australia based on median property value growth during the quarter.

Surburb overview

Epping is a suburb located approximately 18 kilometres north-west of Sydney's central business district, within the City of Parramatta local government area. It is part of the Northern Sydney region and serves as a significant hub for both residential and transportation needs.

According to the 2021 Census, Epping had a population of 29,551 residents. The suburb exhibits considerable cultural diversity, with 36.7% of residents born in Australia. Significant communities originate from China (19.7%), India (9.5%), South Korea (7.4%), and Hong Kong (5.4%). Languages spoken at home include Mandarin (23.1%), Cantonese (12.1%), and Korean (9.3%). The median age is 36 years, and the average household size is 2.8 persons. The median weekly household income stands at $2,243, which is higher than the national median.

Epping is well-served by public transportation. Epping railway station is a major junction on the Northern Line of the Sydney Trains network, the Central Coast & Newcastle Line of the NSW TrainLink network, and the Sydney Metro Northwest. Bus services operated by Busways and CDC NSW provide additional connectivity. The M2 Hills Motorway and Epping Road are major arterial roads facilitating road transport.

Essential establishments in Epping include several educational institutions such as Epping Public School, Epping West Public School, Epping Heights Public School, Epping North Public School, and Epping Boys High School. The suburb also hosts Arden Anglican School and Our Lady Help of Christians Catholic Primary School. Community facilities in Epping include the Epping Branch Library, Epping Community Centre, and the Epping Aquatic and Leisure Centre. The Epping Club provides dining and event spaces for residents.

Recreational activities are supported by numerous parks and sports facilities. Boronia Park features sporting fields, a children's playground, and picnic shelters. Other green spaces include Forest Park, West Epping Oval, and Epping Oval, which offer facilities for various sports and community events. The Epping Athletic Track provides an athletics track and associated amenities.

Epping's housing landscape comprises a mix of stand-alone houses, flats, units, and apartments. Recent years have seen significant redevelopment, characterised by increased building heights and the construction of new residential towers near the railway station. This urban renewal aims to accommodate the growing population and enhance the suburb's infrastructure.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,762,500	$820,000
Growth Report
Median Quarterly	2.15%	1.23%
Median 12 month	6.25%	2.5%
Median 3 years	20.5%	7.19%
Median 5 years	53.47%	1.99%
10 years average annual	5.77%	-0.17%
Weekly media advert. rent	$850	$750
Time on Market	71.6 days	59 days
Gross Rental Yield Percent	1.6%	4.76%

Demographics (Median Values)*

Total Population 28214

Weekly Household Income 2048

Household Size 3.00

Average Age 37

Monthly Loan Repayment 2383

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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