Suburb Profile Report for Keilor VIC (3036)

Keilor House: Median price $720,000, Annual capital growth 6.91%, Number of sales 56, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Expert Report

Keilor is in the bottom 20% in VIC when comparing median price capital growth over the last year. Keilor gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.35%.

If we look at median property appreciation over just the last three months, Keilor has given property investors a paper return of -1.03%. This puts Suburb as 603 on a list of fastest fasting appreciating suburbs in VIC

Keilor3036 is located in VIC which offers an average discount of -5.53% to property investors. Keilor itself is showing figures that indicate -2.26% is the average achievable by property buyers investing in the suburb.

In the last year 56 properties changed hands in Keilor, which puts it as the 407th most active market in VIC when comparing the number of sales per suburb.

Situated 16.25km from the CBD, Keilor is one of Brimbank localities in the postcode 3036.

YIP MAG Information supplied by:

YIP MAG
February 2016

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The northwest Melbourne suburb of Keilor seems to have become a popular destination for buyers over the past year, as its stock on market has fallen significantlyFull summary

The northwest Melbourne suburb of Keilor seems to have become a popular destination for buyers over the past year, as its stock on market has fallen significantly, by 29.5% compared to this time last year.

That increased interest from buyers might explain the stronger performance of house prices in the region.

Keilor is around 18km from the CBD, and the M79 offers easy access.

Those looking to buy in the suburb should also take into account that it neighbours Tullamarine Airport.

The current median house price sits at $680,000, having increased by 13% over the last year and 19% over the past three.

Rental returns aren’t performing outrageously well at the moment, with the average yield at just 3%.

However, the vacancy rate is only 0.6%, according to Real Estate Investar, so landlords are likely to have good luck in finding tenants.

Close
Metrics i HOUSE UNIT
$720,000 N/A
-1.03% N/A
-0.35% N/A
6.91% N/A
$400 N/A
56 N/A
2.89% N/A
67.82 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5759
Median household income ($/weekly) 1554
Median age of persons 43
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 720 12.5
    35-44 years 729 12.7
    45-54 years 878 15.2
    55-64 years 861 15.0
    65-74 years 525 9.1
    Others 2046 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 2603 58.4
    Not Married 1673 37.5
    Defacto Relationship 184 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4183 75.8
    Egypt 83 1.5
    Japan 208 3.8
    United Kingdom 179 3.2
    Other 221 4.0
    Others 643 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.5
    Christianity 4365 81.7
    Hinduism 43 0.8
    Islam 103 1.9
    No Religion 741 13.9
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 165 9.3
    $600-$799 144 8.2
    $1,500-$1,999 222 12.6
    $2,000-$2,499 161 9.1
    $2,500-$2,999 188 10.7
    Others 885 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1797 39.4
    Not in the labour force 1508 33.1
    Employed, worked part-time 947 20.8
    Employed, away from work 189 4.1
    Unemployed, looking for work 117 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 470 16.0
    Professionals 618 21.1
    Technicians & trades workers 362 12.3
    Clerical & administrative workers 580 19.8
    Sales 321 10.9
    Others 581 19.8
    Occupation
    Census Count Percent(%)
    Pre-school 92 6.9
    Infants/Primary 420 31.5
    Secondary 432 32.4
    Technical or Further Educational Institution 86 6.4
    University or other Tertiary Institutions 271 20.3
    Others 33 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5183 94.4
    Semi-detached, row or terrace house, townhouse 243 4.4
    Flat, unit or apartment 63 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 952 50.0
    Being purchased 715 37.5
    Rented 179 9.4
    Other tenure type 59 3.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals