Epping, 3076, a thriving suburb with big plans
A budding metropolis in the City of Whittlesea, Epping is a magnet for people of all ages, including families, empty nesters and retirees.
The postcode includes Epping Central, and Epping North that is an expanding growth corridor expected to be home to about 50,000 residents by 2030.
Epping lies 20km north of Melbourne’s CBD and is strategically close to the Hume Highway and Metropolitan Ring Road that link to Melbourne Airport, Port of Melbourne and the agricultural producing regions of Victoria.
Local and state governments have collaborated with the private sector to devise a 20-year structure plan to transform the area into a thriving regional centre.
The vision includes diverse and sustainable housing, attracting new businesses to provide jobs and entertainment, and the development of infrastructure including community centres.
There are plans for a sustainable transport network, new public open spaces, environmental conservation, and improved walking and cycling paths.
Barry Plant Epping agents believe the area will become a better place to live, work and invest, and expect property values to soar in the next five to 10 years.
“The structure infrastructure program will create a mini CBD in Epping that will service the local community and surrounding areas,” they said.
According to realestate.com.au, Epping has seen a compound growth rate of 7.6 per cent for houses and 4.6 per cent for units in the five years to 2020, and the website considers it a high demand market with 751 visits per property.
With a median house price of $577,500, based on 278 sales between April 2020 and March 2021, and a median unit price of $392,500, based on 43 sales during the same period, homebuyers are drawn to Epping for its affordability.
In April 2021, homes were leasing for a median price of $390 a week with an annual rental yield of 3.5 per cent, while units were going for rent at $350 a week with a yield of 4.6 per cent.
Buyers have their pick of established homes in central Epping or modern houses in the new designer estates off Epping Road with city views, parks and mini-town centres complete with supermarket and café strips, schools, transport and medical clinics.
Epping’s main commercial hub around High and Cooper streets offers an awesome shopping experience and includes the big-box retail warehouse Costco, and Pacific Epping shopping centre with an impressive range of supermarkets, food courts, boutiques and major department stores.
The Urban Diner restaurant and entertainment precinct, is another popular attraction with its landscaped pedestrian street and piazza leading to the Reading cinemas and the Intencity family entertainment centre.
This area also offers a wide range of eateries including La Famiglia Italian restaurant, TGI Friday’s, China Bar Asian Seafood Buffet and The Coffee Club.
Nearby on Millers Road, residents can enjoy the Oz Tenpin bowling alley and YMCA Leisure City and health club that offers fitness and indoor sports programs for all ages.
The corner of High and Park streets is a hub for sport that includes the Epping football, cricket and tennis clubs. In Harvest Home Road near the Epping RSL, Epping Stadium is a haven for the soccer leagues, while on McDonalds Road, the Meadowglen International Athletics Stadium features an all-weather synthetic athletics facility.
With several medical and dental centres and the expanding Northern Hospital, Epping is set to become a major medical hub for Melbourne’s north.
The postcode offers public and private educational institutions from pre-school to secondary college, including St Monica's College, one of Australia’s largest Catholic high schools.
Further education is provided by Melbourne Polytechnic that offers quality training facilities, a student centre, bookshop, library and fitness centre.
Several bus routes connect commuters with train services, including Epping station on the Mernda line and trams on Plenty Road.
Epping has a number of employment precincts near residential growth areas, including the McMullin Group’s Northpoint, Biodiversity and MAB Corporation’s Alliance business parks plus the Melbourne Wholesale Fruit, Vegetable and Flower Market.