Keilor East has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.29% to date .
Keilor East,3033 was ranked 2546 in Australia by increase in median property value over the quarter.
Keilor East3033 is located in VIC which offers an average discount of -5.39% to property investors. Keilor East itself is showing figures that indicate -5.44% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
VIC has seen average median house prices change by 6.03% which means that Keilor East, 3033 has done well for property investors by showing a capital gain of 13.10% over the last year
Taking the average capital gain, or increase in median house value, Keilor East,3033 has racked up an average of 13.10% over the period. This ranks it number 833th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Keilor East is offering property investors an average of -4.82. This rate of discount on properties puts Suburb at number 314th in terms of most discounted suburbs in VIC
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.