Keilor, 3036 ranked 433th in VIC when comparing growth in median property values or capital gain over the last 12 months. Keilor is one of 2099 in our list for VIC
A 28.23% growth in median value for property investors in Keilor,3036 puts this suburb at number 238th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Keilor, 3036. Typically our figures indicate that -3.50% is being offered, which puts this VIC suburb at 2071th most discounted overall in Australia.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.44%, investors should hope to achieve an overall return of 2.37%
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The northwest Melbourne suburb of Keilor seems to have become a popular destination for buyers over the past year, as its stock on market has fallen significantly, by 29.5% compared to this time last year.
That increased interest from buyers might explain the stronger performance of house prices in the region.
Keilor is around 18km from the CBD, and the M79 offers easy access.
Those looking to buy in the suburb should also take into account that it neighbours Tullamarine Airport.
The current median house price sits at $680,000, having increased by 13% over the last year and 19% over the past three.
Rental returns aren’t performing outrageously well at the moment, with the average yield at just 3%.
However, the vacancy rate is only 0.6%, according to Real Estate Investar, so landlords are likely to have good luck in finding tenants.