Suburb Profile Report for Keilor East VIC (3033)

Keilor East House: Median price $820,000, Annual capital growth 7.59%, Number of sales 173, Weekly median advertised rent $430

Keilor East Unit: Median price $634,500, Annual capital growth 7.26%, Number of sales 23, Weekly median advertised rent $430

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

Keilor East is in the bottom 30% in VIC when comparing median price capital growth over the last year. Keilor East gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.36%.

A 43.86% growth in median value for property investors in Keilor East,3033 puts this suburb at number 601th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -5.13% to buyers in Keilor East at the moment, which is less than average for the rest of VIC.

Keilor East, 3033’s gross rental yield is 2.73%

At number 369th in the list of Australian suburbs ordered by increase in median house value over the last year, Keilor East, 3033 is in the top 30% with a property value increase of 7.27% recorded in median house prices.

Over the longer term, Keilor East has seen property prices show investors a 11.02% return over the last 3 years. This is worse than over the last 12 months

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 7.26%, investors should hope to achieve an overall return of 3.52%

Frank Mazzella Information supplied by:

Frank Mazzella
GMP Real Estate

M 9331 0111
O 0418 553 119

W http://gmprealestate.com.au/
E fm@gmprealestate.com.au
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
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.
Close
Metrics i HOUSE UNIT
$820,000 $634,500
-4.09% -0.94%
-3.36% 7.27%
7.59% 7.26%
$430 $430
173 23
2.73% 3.52%
48.1 21.86

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 13259
Median household income ($/weekly) 1225
Median age of persons 42
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    25-34 years 1501 11.3
    35-44 years 1917 14.5
    45-54 years 1676 12.6
    55-64 years 1619 12.2
    65-74 years 1783 13.4
    Others 4763 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 5899 57.9
    Not Married 3820 37.5
    Defacto Relationship 470 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8671 68.7
    Hong Kong 311 2.5
    Japan 1089 8.6
    Viet Nam 309 2.4
    Other 491 3.9
    Others 1759 13.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 333 2.7
    Christianity 10101 81.2
    Hinduism 121 1.0
    Islam 199 1.6
    No Religion 1594 12.8
    Others 85 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 485 11.5
    $600-$799 408 9.7
    $800-$999 401 9.5
    $1,500-$1,999 547 13.0
    $2,000-$2,499 410 9.7
    Others 1964 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4245 40.5
    Employed, worked full-time 3725 35.6
    Employed, worked part-time 1846 17.6
    Employed, away from work 373 3.6
    Unemployed, looking for work 280 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 738 12.4
    Professionals 1187 20.0
    Technicians & trades workers 866 14.6
    Clerical & administrative workers 1105 18.6
    Sales 638 10.7
    Others 1411 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 214 8.2
    Infants/Primary 888 34.0
    Secondary 775 29.7
    Technical or Further Educational Institution 203 7.8
    University or other Tertiary Institutions 460 17.6
    Others 71 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11421 91.5
    Semi-detached, row or terrace house, townhouse 778 6.2
    Flat, unit or apartment 263 2.1
    House or flat attached to a shop, office 20 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2380 52.3
    Being purchased 1428 31.4
    Rented 717 15.8
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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