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SUBURB PROFILE Q2 2014
The following charts provide an overview of household types withinEpping, based on data collected in the 2011 census.
Epping, located within the City of Whittlesea, is 22km north of
Melbourne's CBD. At the 2011 ABS Census, Epping had a population of
26,855 people.
Epping's settlement dates back to 1839, whereby the area was used for
farming purposes. However, it wasn't until 1970-1990 that the suburb
experienced significant population growth, as Epping changed from
being a rural township, to a residential suburb on the fringe of
Melbourne.
Epping has today become a highly sought after suburb for young families. The suburb has well developed infrastructure with a wide variety of
established schools, childcare and recreation facilities for children. Furthermore, Epping features abundant retail facilities. This includes a
regional shopping centre, Epping Plaza, which is home to over 215 stores, as well as Dalton Village Shopping Centre and the new Lyndarum Town
Centre in Epping North.
Epping is also well served by transport links. Serveral bus routes operate in the suburb, while Epping Railway Station delivers commuters to the
city in under forty minutes. The Hume Freeway provides easy access to the Ring Road and, in turn, Tullamarine Airport and the Melbourne CBD by
car.
To provide for anticipated population growth in Epping, key infrastructure developments have been undertaken or planned for the area. This
includes major upgrade works to the Epping Railway Station in November 2011, $29 million upgrade of Northern Hospital, future regional reserve
adjacent to the existing Epping soccer stadium as well as a number of new schools/childcare for the suburb.
RINGRING
MELBOURNE CBDMELBOURNE CBD
10km10km
EPPINGEPPING
20km20km
30km30km
M80
M80
CIT
YLIN
KC
IT
YLIN
K
HU
ME
FW
YH
UM
E FW
Y
FW
Y
FW
Y
FWYFWY
EASTERNEASTERN
ROADROAD
WEST GATEWEST GATE
PROPERTY INVESTORS SUPPORT CENTRE PTY LTD
Piscpl.com Suite 4 Level 1, 844 Nepean Hwy, Hampton East VIC 3188 (03) 8589 5908
Piscpl.com Suite 4 Level 1, 844 Nepean Hwy, Hampton East VIC 3188 (03) 8589 5908
Source: Forecast ID
The median price of both houses and units/apartments in Epping has
risen steadily over the past decade.
Residential development within Epping is
projected to increase over the next ten
years.
Despite the anticipated increase in stock
levels over the next decade, demand is
expected to remain strong, with traditionally
low vacancy rates in Epping (2.4% June 2014),
compared with Melbourne (2.7%)
$297,500
$325,522
$307,500
$300,000
From 2004 to 2014, the median price of a
house rose by 31%, and the median price of
units/apartments rose by 22%.
House prices in Epping have remained flat in
the past 12 months, following the trend of
the overall Melbourne market.
SUBURB PROFILE Q2 2014
64
199
56
66
59
64
82
5151
21
59
72
Although all care has been taken in the preparation of this report, the Property Investors Support Centre Pty Ltd takes no responsibility for the accuracy of the information contained here. It is recommended that all the information be verified if it is to be used for commercial
PROPERTY INVESTORS SUPPORT CENTRE PTY LTD
PISC was formed to meet an identified need in the investment property industry. The company supportsa wide range of professionals including lawyers, mortgage brokers, builders, property developers, financialplanners, accountants, and perhaps most important of all; many hundreds of residential investmentproperty individuals. PISC represents 15 years of intimate industry experience through its ManagingDirector, Bill Meehan and his company; The Certain Wealth Group. CWG represents more than 40 yearsof “front line” experience in its key staff who are available to PISC Pty Ltd in its daily undertakings.
Through its parent company, PISC has a unique link with many of Australia’s largest and most reputableland developers; wholesale builders, as well as a wide range of support organizations including banks,mortgage brokers, financial planners, and SMSF specialists.