Over the last year, property investments in Keilor, 3036 have given investors a capital gain of 6.99%. This compares averagely with the 8.13% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Keilor,3036 has racked up an average of 6.99% over the period. This ranks it number 1441th in the whole country for real estate investors looking at median house price increases.
At number 399th of VIC’s most discounted properties, Keilor is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Situated 16.32km from the CBD, Keilor is one of Brimbank localities in the postcode 3036.
Property buyers and investors in Keilor 3036 should be seeing an average reduction in asking price of around -15.09% . This means that Keilor is holding prices well when compared to other suburbs in VIC.
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.