Keilor East is an average performer in VIC when comparing median price capital growth over the last year. Keilor East gave property investors a average capital gain figure when compared to the rest of the state, with 10.24%.
The five-year average increase in median property values for Keilor East,3033 has given property investors a potential capital gain of 20.69% across each of those five years.
Property buyers and investors in Keilor East 3033 should be seeing an average reduction in asking price of around -4.27% . This means that Keilor East is holding prices well when compared to other suburbs in VIC.
In the last year 193 properties changed hands in Keilor East, which puts it as the 119th most active market in VIC when comparing the number of sales per suburb.
Keilor East, 3033’s gross rental yield is 2.93%
If you compare the increase in value of investment property in Keilor East, 3033 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -13.06%.
Taking the average capital gain, or increase in median house value, Keilor East,3033 has racked up an average of -13.06% over the period. This ranks it number 1579th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Keilor East is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 107th in terms of most discounted suburbs in VIC
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.