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Epping
AREA REPORTS

Epping

Epping - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3076

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $665,000.

The upward trend in home prices in EPPING, 3076 averaged 3.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 3.13% increase in returns based on the current median price in EPPING.

An average of 34.83 real estate transactions take place per month in EPPING which translates to 418 per annum.

418 properties were sold in EPPING in 2016, making it the 251st most active market in VIC based on total real estate transactions.

EPPING, 3076 places 369th in Australia based on median property value growth during the quarter.

Data report can be found below

Epping
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $665,000 $452,500
GROWTH REPORT
Median Quarterly 3.91% 1.69%
Median 12 month 11.48% 10.37%
Median 3 years 10.83% 29.29%
Median 5 years 44.41% 33.09%
10 years average annual 6.03% 3.78%
Weekly media advert. rent $400 $350
Time on Market 54.1 days 68.7 days
Gross Rental Yield Percent 3.13% 4.02%
demographics (median values)*
Total Population
32395
Weekly Household Income
1409
Household Size
3.00
Age
33
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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