Suburb Profile Report for Kilsyth VIC (3137)

Kilsyth House: Median price $637,000, Annual capital growth 6.69%, Number of sales 139, Weekly median advertised rent $420

Kilsyth Unit: Median price $530,000, Annual capital growth 6.03%, Number of sales 47, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Kilsyth has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.28%

When looking at the potential capital gains offered to property investors over the last 3 years, Kilsyth comes in at number 502th in VIC.

Sellers are offering property buyers an average discount of -7.44% to buyers in Kilsyth at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Kilsyth the average time real estate has been on the market is 49.7368 days.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Giving property investors a an unimpressive capital gain of -5.36% for the last year, Kilsyth, 3137 is the 977th highest performer in Australia in this respect.

Across a shorter period, Kilsyth, 3137 has seen a median price increase of 4.43% over the last quarter.

Our latest figures would indicate that property sellers in Kilsyth are currently offering property investors an average price cut of -5.31% below the asking price at the moment.

Situated 30.54km from the CBD, Kilsyth is one of Yarra Ranges (S) localities in the postcode 3137.

Information supplied by:


December 2018

M
O

W
E

Units sell fast

Postcode: 3137

Median unit price: $560,000

Three-year growth: 35.9%

Rental yield: 3.6%

Named for a Scottish town, the suburb of Kilsyth is enjoying booming population growth.

Units are spending only around 30 days on the market – a strong sign of high demand from buyers. Such properties are also selling at low discount rates. However, Price growth may be slowing in this area, with the growth rate going from double digits to single digits over the 2013-2018 period.

Kilsyth is notably home to MarShere Kilsyth, the competitive and social ballroom dance studio. It is also home to sports clubs like the Kilsyth Redbacks Cricket Club and the Lilydale Swimming Club. This is due to the presence of sporting facilities like the Kilsyth Centenary Pool located on Hawthory Road. The Kilsyth Sports Centre on Liverpool Road houses the Mountain District Badminton Association, while the Eastwood Golf Club lies on the same road and attracts golfers.

Metrics i HOUSE UNIT
$637,000 $530,000
-2.00% 4.43%
-10.28% -5.36%
6.69% 6.03%
$420 $410
139 47
3.43% 4.02%
49.7368421052632 63.0222222222222

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10043
Median household income ($/weekly) 1104
Median age of persons 39
Median housing loan repayment ($/monthly) 1603
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1100 11.0
    25-34 years 1406 14.0
    35-44 years 1280 12.7
    45-54 years 1316 13.1
    55-64 years 1258 12.5
    Others 3684 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 3526 46.9
    Not Married 3243 43.1
    Defacto Relationship 747 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7817 81.0
    New Zealand 181 1.9
    Papua New Guinea 125 1.3
    United Kingdom 795 8.2
    Other 173 1.8
    Others 561 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 0.9
    Christianity 5838 64.2
    Islam 27 0.3
    Other Religious Groups 53 0.6
    No Religion 3086 33.9
    Others 14 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 407 11.7
    $600-$799 360 10.4
    $800-$999 350 10.1
    $1,500-$1,999 458 13.2
    $2,000-$2,499 353 10.2
    Others 1543 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3090 38.9
    Not in the labour force 2826 35.6
    Employed, worked part-time 1535 19.3
    Employed, away from work 286 3.6
    Unemployed, looking for work 205 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 679 13.8
    Technicians & trades workers 986 20.1
    Community & personal service workers 538 11.0
    Clerical & administrative workers 795 16.2
    Labourers 535 10.9
    Others 1375 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 154 7.4
    Infants/Primary 726 35.0
    Secondary 593 28.6
    Technical or Further Educational Institution 271 13.1
    University or other Tertiary Institutions 248 12.0
    Others 80 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7837 84.1
    Semi-detached, row or terrace house, townhouse 324 3.5
    Flat, unit or apartment 1141 12.2
    Caravan, cabin, houseboat 5 0.1
    House or flat attached to a shop, office 6 0.1
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1576 42.2
    Fully owned 1349 36.1
    Rented 749 20.1
    Other tenure type 59 1.6
    Tenure Type
Census 2011, ABS
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