If you compare the increase in value of investment property in Keilor, 3036 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.88%.
Taking the average capital gain, or increase in median house value, Keilor,3036 has racked up an average of -5.88% over the period. This ranks it number 1691th in the whole country for real estate investors looking at median house price increases.
Keilor3036 is located in VIC which offers an average discount of -6.94% to property investors. Keilor itself is showing figures that indicate -3.68% is the average achievable by property buyers investing in the suburb.
Keilor, 3036’s gross rental yield is 2.86%
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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.