Epping

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 $750,000.

The upward trend in home prices in EPPING, 3076 averaged 3.98% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.81% increase in returns based on the current median price in EPPING.

An average of 32.33 real estate transactions take place per month in EPPING which translates to 388 per annum.

388 properties were sold in EPPING in 2016, making it the 260th most active market in VIC based on total real estate transactions.

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

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 $545,000.

Average median unit prices in VIC have risen as a whole, pulling EPPING, 3076 values up and netting property investors a capital gain of 7.28% for the past year.

Investors saw the median home price rise to $545,000.

The upward trend in home prices in EPPING, 3076 averaged 4.71% per annum over a 3-year period.

EPPING now ranks at the 52nd place on a list of fastest growing suburbs in the territory.

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.

Real estate investors could earn a rental income of $490 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EPPING, homes and units usually stay on listing for an average of 43.5 days.

99 properties were sold in EPPING in 2016, making it the 4th most active market in VIC based on total real estate transactions.

Surburb overview

Epping, located approximately 18 kilometres north of Melbourne's Central Business District, is a suburb of Whittlesea, Victoria. As of the 2021 census, it had a population of 33,489.

The suburb has a multicultural community and offers a variety of amenities. Epping features several shopping precincts, including the Pacific Epping Shopping Centre, providing residents access to retail stores, cafes, and restaurants.

Public transportation in Epping is well-developed. The Epping railway station on the Mernda line provides access to Melbourne's city centre. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Recreational opportunities are abundant, with numerous parks and green spaces. The suburb has 107 parks covering nearly 17.6% of its area, providing residents with ample outdoor spaces for leisure and sports activities.

Epping offers a range of housing options. The median property price is approximately $678,000, and annual capital growth is 0.52%. Rental yields are around 4.12%, and the median weekly rent is $540.

Epping's blend of cultural diversity, accessible amenities, and recreational facilities contributes to its appeal as a residential suburb in Melbourne's northern corridor.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$750,000	$545,000
Growth Report
Median Quarterly	0%	3.81%
Median 12 month	7.14%	7.28%
Median 3 years	11.94%	14.14%
Median 5 years	20%	23.44%
10 years average annual	6.02%	5.05%
Weekly media advert. rent	$550	$490
Time on Market	38.5 days	43.5 days
Gross Rental Yield Percent	3.81%	4.68%

Demographics (Median Values)*

Total Population 32395

Weekly Household Income 1409

Household Size 3.00

Average 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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