VIC has seen average median house prices change by -1.79% which means that Keilor East, 3033 has not done well for property investors by showing a capital gain of -5.88% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Keilor East comes in at number 302th in VIC.
Keilor East3033 is located in VIC which offers an average discount of -6.90% to property investors. Keilor East itself is showing figures that indicate -5.69% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 7.20%, investors should hope to achieve an overall return of 2.92%
If you compare the increase in value of investment property in Keilor East, 3033 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.12%.
Over the longer term, Keilor East has seen property prices show investors a 24.00% return over the last 3 years. This is worse than over the last 12 months
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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.