Property investors who have had real estate in Keilor East, 3033 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.12%
When looking at the potential capital gains offered to property investors over the last 3 years, Keilor East comes in at number 294th in VIC.
LACK OF BUYER INTEREST may well be the reason that Keilor East is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 429th in terms of most discounted suburbs in VIC
At number 623 in a list of fastest selling suburbs, Keilor East is in the TOP 20% of suburbs in Australia with an average of days on market 50.91 for properties listed there.
With the median price for a house in Keilor East being $747500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.78%
Keilor East has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -10.66% to date .
Over the longer term, Keilor East has seen property prices show investors a -0.05% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Keilor East 3033 should be seeing an average reduction in asking price of around -5.66% . This means that Keilor East is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Keilor East have been waiting around 52.06 days to sell a property.
Keilor East is 258th on a list of best yielding suburbs for rents in VIC with a 3.69% return
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.