Property investors who have had real estate in Keilor, 3036 should be relatively 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 9.99%
Keilor,3036 was ranked 1014 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Keilor should be aiming for at least -5.49% off the asking price, which is the average vendor discount being achieved at the moment.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 7.27%.
Investment property in Keilor has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.48%
Situated 15.81km 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.