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 $513,500.
The upward trend in home prices in EPPING, 3076 averaged 11.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 3.65% increase in returns based on the current median price in EPPING.
An average of 39.17 real estate transactions take place per month in EPPING which translates to 470 per annum.
470 properties were sold in EPPING in 2016, making it the 190th most active market in VIC based on total real estate transactions.
EPPING, 3076 places 145th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.05%||12.2%|
|Median 3 years||34.24%||21.61%|
|Median 5 years||37.43%||27.26%|
|10 years average annual||6.86%||4.62%|
|Weekly media advert. rent||$360||$330|
|Time on Market||53.2 days||70.2 days|
|Gross Rental Yield Percent||3.65%||4.55%|