Suburb Profile Report for Keilor Downs VIC (3038)

Keilor Downs House: Median price $615,000, Annual capital growth 8.88%, Number of sales 91, Weekly median advertised rent $380

Keilor Downs Unit: Median price $390,000, Annual capital growth 5.82%, Number of sales 13, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Keilor Downs has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.59%

Taking the average capital gain, or increase in median house value, Keilor Downs,3038 has racked up an average of 20.59% over the period. This ranks it number 751th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -8.30% to buyers in Keilor Downs at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Keilor Downs the average time real estate has been on the market is 59.92 days.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

Investment property in Keilor Downs has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.44%

While Keilor Downs,3038 ranked number 138th in VIC for increase in median house value (annualised) increase, it is ranked 233th over the last 5 years.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of 5.82%, investors should hope to achieve an overall return of 4.47%

Metrics i HOUSE UNIT
$615,000 $390,000
4.95% 2.50%
20.59% 2.44%
8.88% 5.82%
$380 $335
91 13
3.21% 4.47%
59.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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