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Epping

POSTAL CODE: VIC, 3076
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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 $730,000.

The upward trend in home prices in EPPING, 3076 averaged 2.45% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.92% increase in returns based on the current median price in EPPING.

An average of 37.75 real estate transactions take place per month in EPPING which translates to 453 per annum.

453 properties were sold in EPPING in 2016, making it the 209th most active market in VIC based on total real estate transactions.

EPPING, 3076 places 254th in Australia based on median property value growth during the quarter.

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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