Giving property investors a a solid capital gain of 12.13% for the last year, Keilor East, 3033 is the 724th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Keilor East has increased when compared to the 5 year average annual rate.
At number 441th of VIC’s most discounted properties, Keilor East is in the TOP 30% of the state/territory when listing in order of most discounted to least.
The VIC suburb of Keilor East, 3033 is in the Brimbank local government area.
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 -13.78%
If we look at median property appreciation over just the last three months, Keilor East has given property investors a paper return of -8.37%. This puts Suburb as 344 on a list of fastest fasting appreciating suburbs in VIC
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 -6.80% is being offered, which puts this VIC suburb at 305th most discounted overall in Australia.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 6.67%, investors should hope to achieve an overall return of 3.84%
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.