Property value increases in Keilor East have tracked just higher than the VIC average of 11.63% over the last 12 months.
A 57.14% growth in median value for property investors in Keilor East,3033 puts this suburb at number 408th in terms of best performing suburbs in VIC
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Keilor East itself are offering an average vendor discount of -2.22% to real estate investors.
Advertised rents are around the $400 mark per week – giving a return of 2.52% based on the median price in Suburb
Keilor East, 3033 ranked 11th in VIC when comparing growth in median property values or capital gain over the last 12 months. Keilor East is one of 2098 in our list for VIC
Keilor East,3033 was ranked 49 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Keilor East should be aiming for at least -3.42% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 11.28km from the CBD, Keilor East is one of Brimbank localities in the postcode 3033.
Keilor East is an established, predominantly residential approximately 10km from the CBD and with several direct access routes there. A small commercial / industrial pocket is located on the NW border of Keilor East, separated from the residential area by the Western Ring Road. Full summary
Information supplied by:
GMP Real Estate
0418 553 119
Keilor East is an established, predominantly residential approximately 10km from the CBD and with several direct access routes there. A small commercial / industrial pocket is located on the NW border of Keilor East, separated from the residential area by the Western Ring Road.
Selling points: Well serviced by schools with two of the state’s top private schools located on its boundaries. Plenty of medical facilities and shops available at Milleara Shopping Centre, Centreway Shops and Dinah Parade strip and easy access to the Keilor Road café precinct.
Most sought-after properties: A variety of properties in the area bounded by Keilor Rd to the north, Buckley St to the south, Milleara Rd to the west and Rachelle Rd to the east
Most common properties: 3 bedroom BV homes
Top amenities: Schools, shops and medical facilities.
Local industry and business: Small business operators, retail shops and tradesmen.
Recent changes: The expansion of the Milleara Shopping Centre and development of large, impressive homes in the Valley Lakes Estate.
Best streets: This is subjective and would depend on whether views, convenience to shops or access to parks is required.
Public transport: Several bus routes operate throughout Keilor East providing access to the transport hubs at Highpoint Shopping Centre and Essendon Station.
Main arteries: Milleara Road and Buckley Street are the main arterial roads in the suburb. Keilor East is bounded by the Western Ring Road and Calder Freeway.