How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
EPPING, 3076 ranks 2664th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.54% for property investors.
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 $585,000.
The upward trend in home prices in EPPING, 3076 averaged 0.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.47% increase in returns based on the current median price in EPPING.
An average of 22.75 real estate transactions take place per month in EPPING which translates to 273 per annum.
273 properties were sold in EPPING in 2016, making it the 394th most active market in VIC based on total real estate transactions.
EPPING, 3076 places 519th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.54%||0%|
|Median 3 years||0.69%||7.71%|
|Median 5 years||45.89%||19.12%|
|10 years average annual||4.7%||2.59%|
|Weekly media advert. rent||$390||$350|
|Time on Market||69.3 days||66.7 days|
|Gross Rental Yield Percent||3.47%||4.49%|