Epping (postcode 2121) is a well-populated suburb in New South Wales within the Parramatta local government area. The area has roughly 29,551 residents and a mix of families and early-career residents, with a median age of 36. Households earn a median income of $117K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
Median house prices in Epping stand at $2.4 million, having dropped significantly by 12.8% over the last twelve months. Units have a median price of $876,000 (+7.5% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,600.
Epping is served by 7 schools, including 5 primary, 1 secondary, 1 special. The average ICSEA score is 1127, which is well above the national average of 1,000. Public transport access includes 100 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.8%, which reads as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.6x is considered stretched. House prices have moved -12.8% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.