Giving property investors a a solid capital gain of 13.85% for the last year, Keilor East, 3033 is the 719th highest performer in Australia in this respect.
Keilor East,3033 has offered an average of 13.85% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.06% to buyers in Keilor East at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 17.50 sales per month, which equates to 210 per year.
Advertised rents are around the $400 mark per week – giving a return of 2.81% based on the median price in Suburb
With a capital gain of -9.88% for the last 12 months, Keilor East, 3033 has performed for property investments than its average annual 5.10% property growth over the last 5 years.
Over the longer term, Keilor East has seen property prices show investors a -1.01% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Keilor East should be aiming for at least -5.66% off the asking price, which is the average vendor discount being achieved at the moment.
Keilor East, 3033’s gross rental yield is 3.73%
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.