Investment property in Keilor East has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.50%
When looking at the potential capital gains offered to property investors over the last 3 years, Keilor East comes in at number 305th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Keilor East itself are offering an average vendor discount of -4.44% to real estate investors.
With the median price for a house in Keilor East being $720000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.89%
Investment property in Keilor East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.96%
The five-year average increase in median property values for Keilor East,3033 has given property investors a potential capital gain of -2.40% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Keilor East, 3033. Typically our figures indicate that -5.89% is being offered, which puts this VIC suburb at 542th most discounted overall in Australia.
At number 635 in a list of fastest selling suburbs, Keilor East is just in the top half of suburbs in Australia with an average of days on market 70.89 for properties listed there.
Situated 11.60km from the CBD, Keilor East is one of Brimbank localities in the postcode 3033.
Keilor East is an established, predominantly residential approximately 10km from the CBD and with several direct access routes there. A small commercial / industrial pocket is located on the NW border of Keilor East, separated from the residential area by the Western Ring Road. Full summary
Information supplied by:
GMP Real Estate
0418 553 119
Keilor East is an established, predominantly residential approximately 10km from the CBD and with several direct access routes there. A small commercial / industrial pocket is located on the NW border of Keilor East, separated from the residential area by the Western Ring Road.
Selling points: Well serviced by schools with two of the state’s top private schools located on its boundaries. Plenty of medical facilities and shops available at Milleara Shopping Centre, Centreway Shops and Dinah Parade strip and easy access to the Keilor Road café precinct.
Most sought-after properties: A variety of properties in the area bounded by Keilor Rd to the north, Buckley St to the south, Milleara Rd to the west and Rachelle Rd to the east
Most common properties: 3 bedroom BV homes
Top amenities: Schools, shops and medical facilities.
Local industry and business: Small business operators, retail shops and tradesmen.
Recent changes: The expansion of the Milleara Shopping Centre and development of large, impressive homes in the Valley Lakes Estate.
Best streets: This is subjective and would depend on whether views, convenience to shops or access to parks is required.
Public transport: Several bus routes operate throughout Keilor East providing access to the transport hubs at Highpoint Shopping Centre and Essendon Station.
Main arteries: Milleara Road and Buckley Street are the main arterial roads in the suburb. Keilor East is bounded by the Western Ring Road and Calder Freeway.