With a capital gain of 6.99% for the last 12 months, Keilor, 3036 has performed for property investments than its average annual 6.87% property growth over the last 5 years.
Across a shorter period, Keilor, 3036 has seen a median price increase of 0.34% over the last quarter.
Property buyers and investors in Keilor 3036 should be seeing an average reduction in asking price of around -4.88% . This means that Keilor is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.
While Keilor,3036 ranked number 313th in VIC for increase in median house value (annualised) increase, it is ranked 346th over the last 5 years.
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, 3036. Typically our figures indicate that -15.09% is being offered, which puts this VIC suburb at 7th most discounted overall in Australia.
Property investors should expect to get $380 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
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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.