Epping
The Epping suburb is nestled strategically some 20 kilometres north of Melbourne’s central business district and had been considered one of the top 100 local suburbs in the Melbourne Region.
Bounded by Lalor and Mill Park to the south, Wollert to the north, South Morang to the east, and Somerton to the West, Epping is a fast-rising growth area making it one of the primary beneficiaries of the Growing Suburbs Fund of the Victorian State Budget since 2019.
The 2016 census by the Australian Bureau of Statistics showed that Epping has a population of 32,395 with an almost equal balance of male (49.7%) and female (50.3%) dwellers with a median age of 33.
Postcode 3076
Population 32,395
From CBD 20km
There were 11,268 recorded dwellings in the Epping suburb, housing 8,634 families with an average of three people in every household with a child each. With a median weekly household income of $1,409, it’s no surprise to see Epping as a rapidly progressing suburb in terms of lifestyle and economic activity in the area.
Designated as one of the biggest of eleven Metropolitan Activity Centres under Plan Melbourne, it is expected to be a valuable growth corridor to the north in the next five years, it has steadily seen a growth of 7.5% in housing and 4.69% in apartment units over a three-year period.
Epping also has its fair share of amenities such as schools, a major shopping centre, retail giant Costco, The Northern Hospital, and a diverse mix of lifestyle and bustling commercial establishments that drive a very strong demand for growth making it an attractive option for investors or those who want to find a new home.
Considered as the epicentre of north Melbourne and the second fastest growing suburb in Victoria, it will be home to Australia’s biggest privately-funded health precinct that will cover more than 7 hectares of land for a private hospital, medical research, aged health, and various healthcare amenities.
Statistics sourced from https://en.wikipedia.org/wiki/Epping,_Victoria