Giving property investors a an average capital gain of 3.93% for the last year, Keilor, 3036 is the 2224th highest performer in Australia in this respect.
While Keilor,3036 ranked number 537th in VIC for increase in median house value (annualised) increase, it is ranked 334th over the last 5 years.
Sellers are offering property buyers an average discount of -6.12% to buyers in Keilor at the moment, which is less than average for the rest of VIC.
In the last year 64 properties changed hands in Keilor, which puts it as the 374th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
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
Information supplied by:
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.