Investment property in Keilor East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.96%
Keilor East,3033 has offered an average of 12.96% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Keilor East are currently offering property investors an average price cut of -3.39% below the asking price at the moment.
Residents and property investors in Keilor East have been waiting around 45.41 days to sell a property.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.52%, investors should hope to achieve an overall return of 2.51%
Property value increases in Keilor East have tracked higher than the VIC average of 8.22% over the last 12 months.
Keilor East,3033 was ranked 330 in Australia by increase in median property value over the quarter.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
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.