VIC has seen average median house prices change by 8.23% which means that Keilor, 3036 has done well for property investors by showing a capital gain of 7.35% over the last year
Over the longer term, Keilor has seen property prices show investors a 33.94% return over the last 3 years. This is worse than over the last 12 months
Keilor, 3036 is offering VIC ‘s 357th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Advertised rents are around the $422.5 mark per week – giving a return of 3.01% based on the median price in Suburb
LACK OF BUYER INTEREST may well be the reason that Keilor is offering property investors an average of -5.27. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in VIC
Situated 16.20km from the CBD, Keilor is one of Brimbank localities in the postcode 3036.
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
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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 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.Close
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.