Epsom, a suburb of Greater Bendigo in Victoria, has been witnessing noticeable activity in its housing market. As part of a regional city well-regarded for its affordability compared to Melbourne, Epsom offers a mix of modern housing developments and established homes, catering to both first-time buyers and investors. Over recent years, the demand for housing in Epsom has been buoyed by its appeal to families and individuals seeking a more relaxed lifestyle while still having access to urban amenities. The suburb's growth is evidenced by the expansion of new housing estates and infrastructure improvements, with median house prices reflecting moderate yet steady growth, making it an attractive proposition for those looking to invest in property outside the hustle and bustle of larger cities.
Living in Epsom provides residents with a blend of suburban tranquility and convenient access to facilities. The suburb is favored for its family-friendly environment, featuring ample green spaces, parks, and recreational areas that support a healthy, outdoor lifestyle. Epsom is well-serviced by local retail options, including supermarkets and specialty stores, ensuring residents have their daily needs met without needing to travel far. Its proximity to the Bendigo city center means that cultural attractions, educational institutions, and healthcare facilities are easily accessible, enhancing the quality of life for its inhabitants. With public transport options and major roads connecting Epsom to surrounding areas, the suburb is a practical choice for those who commute for work or leisure, further solidifying its reputation as a desirable place to live in the Greater Bendigo region.
| Median Weekly Rent | $350.50 |
| Median Monthly Mortgage | $1520.00 |
| Median Persons Per bed houseroom | 0.80 |
| Average Household Size | 3.00 |
| Average Age | 31.67 |
| Average Income | $830.67 |
| Average Cars Per Dwelling | 2.04 |
| Average Properties Within 50M | 9 |
| Typical 1 bed house | $327,000 |
| Typical 2 bed house | $486,000 |
| Typical 3 bed house | $604,000 |
| Typical 4 bed house | $686,000 |
| Typical 5 bed house | $770,000 |
| Typical 6 bed+ house | $1,383,000 |
Housing Stock
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Thinking about buying in Epsom? Now could not be a better time, with 2640 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $615,000 with prices in this suburb ranging from $141,000 to $11,636,000. The aproximate distance to the coast is 131 Km.
In Epsom there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Epsom due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Epsom changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Epsom requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. With very low industrial sector presence in Epsom the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationEpsom Primary School
Holy Rosary School
White Hills Primary School
(While the above schools are located with the suburb of Epsom there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 5.0 | 23.2 | 30.9 | 60.2 | 91.8 | 3.7 | 24.2 |
| Feb | 9.5 | 23.2 | 31.4 | 61.6 | 95.2 | 2.9 | 24.0 |
| Mar | 3.8 | 22.1 | 30.0 | 63.3 | 95.0 | 3.2 | 21.4 |
| Apr | 5.9 | 20.1 | 28.0 | 63.8 | 95 | 3.2 | 18.1 |
| May | 1.7 | 15.8 | 25.3 | 58.8 | 94.9 | 2.8 | 16.4 |
| Jun | 0.9 | 12.7 | 23.7 | 55.7 | 94.9 | 2.4 | 15.2 |
| Jul | 1.3 | 12.3 | 23.7 | 55.9 | 97.0 | 2.2 | 16.0 |
| Aug | 0.4 | 13 | 24.6 | 53.0 | 96.9 | 2.6 | 18.4 |
| Sept | 0.5 | 14.9 | 26.4 | 52.7 | 95.8 | 2.7 | 21.6 |
| Oct | 1.3 | 18.2 | 28.5 | 54.4 | 94.3 | 3.0 | 24 |
| Nov | 2.2 | 20.0 | 30.0 | 51.6 | 92.2 | 3.4 | 26.7 |
| Dec | 6.5 | 22.4 | 31 | 59.2 | 92.5 | 3.9 | 23.4 |
source: Australian Government Bureau of Meteorology
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