Keilor is in the bottom 20% in VIC when comparing median price capital growth over the last year. Keilor gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.06%.
Taking the average capital gain, or increase in median house value, Keilor,3036 has racked up an average of -11.06% over the period. This ranks it number 2711th in the whole country for real estate investors looking at median house price increases.
Keilor, 3036 is offering VIC ‘s 581th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Often selling an investment property can take time, and in Keilor the average time real estate has been on the market is 69.4138 days.
Keilor, 3036’s gross rental yield is 3.03%
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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.