Over the last year, property investments in Keilor, 3036 have given investors a capital gain of 2.60%. This compares badly with the 8.96% for VIC as a whole.
The five-year average increase in median property values for Keilor,3036 has given property investors a potential capital gain of 28.92% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Keilor is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 239th in terms of most discounted suburbs in VIC
At number 1682 in a list of fastest selling suburbs, Keilor is just in the top half of suburbs in Australia with an average of days on market 75.28 for properties listed there.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.72%, investors should hope to achieve an overall return of 3.06%
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.