Suburb Profile Report for Keilor Downs VIC (3038)

Keilor Downs House: Median price $530,000, Annual capital growth 6.82%, Number of sales 85, Weekly median advertised rent $380

Keilor Downs Unit: Median price $380,000, Annual capital growth N/A, Number of sales 17, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$530,000 $380,000
4.43% 0.66%
12.77% N/A
6.82% N/A
$380 $320
85 17
3.73% 4.38%
57.61 58.91

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 10306
Median household income ($/weekly) 1258
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 3
  • Census Count Percent(%)
    5-14 years 1156 11.2
    25-34 years 1289 12.5
    35-44 years 1224 11.9
    45-54 years 1656 16.1
    55-64 years 1507 14.6
    Others 3474 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 4374 53.7
    Not Married 3439 42.2
    Defacto Relationship 333 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5648 57.6
    Germany 374 3.8
    Netherlands 301 3.1
    Viet Nam 437 4.5
    Other 748 7.6
    Others 2293 23.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 577 6.0
    Christianity 7200 74.3
    Islam 699 7.2
    Other Religious Groups 143 1.5
    No Religion 996 10.3
    Others 74 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 332 11.4
    $800-$999 269 9.3
    $1,000-$1,249 265 9.1
    $1,500-$1,999 381 13.1
    $2,000-$2,499 343 11.8
    Others 1311 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3117 37.7
    Employed, worked full-time 3056 37.0
    Employed, worked part-time 1444 17.5
    Employed, away from work 339 4.1
    Unemployed, looking for work 313 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 687 14.2
    Technicians & trades workers 787 16.3
    Clerical & administrative workers 823 17.0
    Sales 554 11.4
    Labourers 496 10.3
    Others 1492 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 111 4.8
    Infants/Primary 704 30.7
    Secondary 700 30.6
    Technical or Further Educational Institution 234 10.2
    University or other Tertiary Institutions 444 19.4
    Others 97 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9180 93.0
    Semi-detached, row or terrace house, townhouse 452 4.6
    Flat, unit or apartment 238 2.4
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1535 48.1
    Being purchased 1110 34.8
    Rented 535 16.8
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals