Suburb Profile Report for Keilor East VIC (3033)

Keilor East House: Median price $702,500, Annual capital growth 8.28%, Number of sales 187, Weekly median advertised rent $395

Keilor East Unit: Median price $460,000, Annual capital growth 6.67%, Number of sales 24, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

Frank Mazzella Information supplied by:

Frank Mazzella
GMP Real Estate

M 9331 0111
O 0418 553 119

W http://gmprealestate.com.au/
E fm@gmprealestate.com.au
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
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.
Close
HOUSE UNIT
$702,500 $460,000
2.55% -8.37%
12.13% -13.78%
8.28% 6.67%
$395 $340
187 24
2.92% 3.84%
58.42 73.88

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Keilor East VIC
Demographics
Total population 13259
Median household income ($/weekly) 1225
Median age of persons 42
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    25-34 years 1501 11.3
    35-44 years 1917 14.5
    45-54 years 1676 12.6
    55-64 years 1619 12.2
    65-74 years 1783 13.4
    Others 4763 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 5899 57.9
    Not Married 3820 37.5
    Defacto Relationship 470 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8671 68.7
    Hong Kong 311 2.5
    Japan 1089 8.6
    Viet Nam 309 2.4
    Other 491 3.9
    Others 1759 13.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 333 2.7
    Christianity 10101 81.2
    Hinduism 121 1.0
    Islam 199 1.6
    No Religion 1594 12.8
    Others 85 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 485 11.5
    $600-$799 408 9.7
    $800-$999 401 9.5
    $1,500-$1,999 547 13.0
    $2,000-$2,499 410 9.7
    Others 1964 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4245 40.5
    Employed, worked full-time 3725 35.6
    Employed, worked part-time 1846 17.6
    Employed, away from work 373 3.6
    Unemployed, looking for work 280 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 738 12.4
    Professionals 1187 20.0
    Technicians & trades workers 866 14.6
    Clerical & administrative workers 1105 18.6
    Sales 638 10.7
    Others 1411 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 214 8.2
    Infants/Primary 888 34.0
    Secondary 775 29.7
    Technical or Further Educational Institution 203 7.8
    University or other Tertiary Institutions 460 17.6
    Others 71 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11421 91.5
    Semi-detached, row or terrace house, townhouse 778 6.2
    Flat, unit or apartment 263 2.1
    House or flat attached to a shop, office 20 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2380 52.3
    Being purchased 1428 31.4
    Rented 717 15.8
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals