Suburb Profile Report for Keilor VIC (3036)

Keilor House: Median price $768,000, Annual capital growth 7.27%, Number of sales 64, Weekly median advertised rent $430

Keilor Unit: Median price $578,750, Annual capital growth 1.74%, Number of sales 10, Weekly median advertised rent $388

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

YIP MAG Information supplied by:

YIP MAG
February 2016

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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 significantlyFull summary

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.

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.

Close
HOUSE UNIT
$768,000 $578,750
3.78% 1.54%
9.99% 13.48%
7.27% 1.74%
$430 $388
64 10
2.91% 3.48%
74.24 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5759
Median household income ($/weekly) 1554
Median age of persons 43
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 720 12.5
    35-44 years 729 12.7
    45-54 years 878 15.2
    55-64 years 861 15.0
    65-74 years 525 9.1
    Others 2046 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 2603 58.4
    Not Married 1673 37.5
    Defacto Relationship 184 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4183 75.8
    Egypt 83 1.5
    Japan 208 3.8
    United Kingdom 179 3.2
    Other 221 4.0
    Others 643 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.5
    Christianity 4365 81.7
    Hinduism 43 0.8
    Islam 103 1.9
    No Religion 741 13.9
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 165 9.3
    $600-$799 144 8.2
    $1,500-$1,999 222 12.6
    $2,000-$2,499 161 9.1
    $2,500-$2,999 188 10.7
    Others 885 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1797 39.4
    Not in the labour force 1508 33.1
    Employed, worked part-time 947 20.8
    Employed, away from work 189 4.1
    Unemployed, looking for work 117 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 470 16.0
    Professionals 618 21.1
    Technicians & trades workers 362 12.3
    Clerical & administrative workers 580 19.8
    Sales 321 10.9
    Others 581 19.8
    Occupation
    Census Count Percent(%)
    Pre-school 92 6.9
    Infants/Primary 420 31.5
    Secondary 432 32.4
    Technical or Further Educational Institution 86 6.4
    University or other Tertiary Institutions 271 20.3
    Others 33 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5183 94.4
    Semi-detached, row or terrace house, townhouse 243 4.4
    Flat, unit or apartment 63 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 952 50.0
    Being purchased 715 37.5
    Rented 179 9.4
    Other tenure type 59 3.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals