With a capital gain of 12.77% for the last 12 months, Keilor Downs, 3038 has performed for property investments than its average annual 6.82% property growth over the last 5 years.
Keilor Downs,3038 was ranked 586 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Keilor Downs should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
With the median price for a house in Keilor Downs being $530000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.73%
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Keilor Downs, 3038. Typically our figures indicate that -2.68% is being offered, which puts this VIC suburb at 1370th most discounted overall in Australia.
In the last year 17 properties changed hands in Keilor Downs, which puts it as the 315th most active market in VIC when comparing the number of sales per suburb.