Epsom

Epsom, VIC 3551 is a growing suburb with a population mainly consisting of families and young adults. It offers a mix of age groups, with good access to education and various employment opportunities. The suburb has a high percentage of residents working as professionals, technicians, and trades workers. Commuting is mainly done by motor vehicle or working from home (WFH), and there is a good balance between owned and rented properties. For house investors, Epsom shows strong market demand with a high market absorption rate and a low vacancy rate. The median growth rate is above 8%, indicating potential for capital appreciation. The suburb attracts a mix of homebuyers and renters, with opportunities for room rentals. On the other hand, the unit market is limited with only a small number available, but they offer a high market absorption rate and low days on market. Units may appeal to investors looking for quick turnaround properties. Epsom, VIC 3551 presents a promising opportunity for property buyers and investors alike. With a healthy housing market and strong demand, particularly for houses, the suburb offers potential for growth and return on investment. The demographics point to a vibrant community with a range of amenities and good accessibility, making it an attractive location for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022