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%
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.