Investment property in Keilor East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.43%
While Keilor East,3033 ranked number 308th in VIC for increase in median house value (annualised) increase, it is ranked 326th over the last 5 years.
Sellers are offering property buyers an average discount of -4.93% to buyers in Keilor East at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
Investment property in Keilor East has done pretty 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 0.84%
Taking the average capital gain, or increase in median house value, Keilor East,3033 has racked up an average of 0.84% over the period. This ranks it number 981th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Keilor East should be aiming for at least -6.43% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
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.