Suburb Profile Report for Keilor Park VIC (3042)

Keilor Park House: Median price $640,000, Annual capital growth 8.15%, Number of sales 33, Weekly median advertised rent $380

Keilor Park Unit: Median price $450,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Keilor Park is in the TOP 30% in VIC when comparing median price capital growth over the last year. Keilor Park gave property investors a good capital gain figure when compared to the rest of the state, with 13.78%.

The five-year average increase in median property values for Keilor Park,3042 has given property investors a potential capital gain of 39.13% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Keilor Park is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 604th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

With the median price for a house in Keilor Park being $450000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.04%

Metrics i HOUSE UNIT
$640,000 $450,000
4.07% N/A
13.78% N/A
8.15% N/A
$380 $350
33 12
3.09% 4.04%
27.71 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2539
Median household income ($/weekly) 1088
Median age of persons 43
Median housing loan repayment ($/monthly) 1600
Average household size 2.6
  • Census Count Percent(%)
    25-34 years 310 12.2
    35-44 years 362 14.3
    45-54 years 274 10.8
    55-64 years 397 15.6
    65-74 years 377 14.8
    Others 819 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 1180 56.9
    Not Married 781 37.7
    Defacto Relationship 111 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1603 64.8
    Hong Kong 55 2.2
    Japan 367 14.8
    United Kingdom 44 1.8
    Other 100 4.0
    Others 305 12.3
    Country of Birth
    Census Count Percent(%)
    Christianity 2017 83.7
    No Religion 288 11.9
    Buddhism 51 2.1
    Islam 38 1.6
    Hinduism 17 0.7
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 13.5
    $600-$799 93 10.8
    $800-$999 86 10.0
    $1,500-$1,999 102 11.9
    $2,000-$2,499 82 9.5
    Others 380 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 889 42.5
    Employed, worked full-time 748 35.7
    Employed, worked part-time 351 16.8
    Employed, away from work 54 2.6
    Unemployed, looking for work 52 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 187 16.3
    Technicians & trades workers 209 18.2
    Community & personal service workers 108 9.4
    Clerical & administrative workers 213 18.5
    Sales 125 10.9
    Others 308 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 8.4
    Infants/Primary 149 33.0
    Secondary 125 27.7
    Technical or Further Educational Institution 44 9.8
    University or other Tertiary Institutions 73 16.2
    Others 22 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2338 94.3
    Semi-detached, row or terrace house, townhouse 77 3.1
    Flat, unit or apartment 57 2.3
    House or flat attached to a shop, office 7 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 492 52.8
    Being purchased 281 30.2
    Rented 156 16.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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