Over the last year, property investments in Keilor, 3036 have given investors a capital gain of 6.96%. This compares averagely with the 7.68% for VIC as a whole.
Keilor,3036 has offered an average of 6.96% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.41% to buyers in Keilor at the moment, which is less than average for the rest of VIC.
At number 1331 in a list of fastest selling suburbs, Keilor is in the TOP 40% of suburbs in Australia with an average of days on market 69.66 for properties listed there.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.06%
With a capital gain of 14.60% for the last 12 months, Keilor, 3036 has performed for property investments than its average annual 3.11% property growth over the last 5 years.
Keilor,3036 was ranked 634 in Australia by increase in median property value over the quarter.
Advertised rents are around the $375 mark per week – giving a return of 3.37% based on the median price in 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.