VIC has seen average median house prices change by 11.00% which means that Keilor, 3036 has done well for property investors by showing a capital gain of 2.00% over the last year
Keilor,3036 has offered an average of 2.00% return per annum in house price rises to property investors over the last three years.
The most recent median price for Keilor is $739500, with sellers offering an average of -3.75% off the asking price.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 7.06%.
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.