Suburb Profile Report for Kilsyth VIC (3137)

Kilsyth House: Median price $672,500, Annual capital growth 6.13%, Number of sales 146, Weekly median advertised rent $430

Kilsyth Unit: Median price $555,000, Annual capital growth 5.85%, Number of sales 59, Weekly median advertised rent $420

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Kilsyth, 3137 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.89%.

When looking at the potential capital gains offered to property investors over the last 3 years, Kilsyth comes in at number 520th in VIC.

Property buyers and investors in Kilsyth 3137 should be seeing an average reduction in asking price of around -8.13% . This means that Kilsyth is holding prices well when compared to other suburbs in VIC.

In the last year 146 properties changed hands in Kilsyth, which puts it as the 154th most active market in VIC when comparing the number of sales per suburb.

Giving property investors a an average capital gain of 0.00% for the last year, Kilsyth, 3137 is the 723th highest performer in Australia in this respect.

While Kilsyth,3137 ranked number 238th in VIC for increase in median house value (annualised) increase, it is ranked 110th over the last 5 years.

Property buyers and investors in Kilsyth 3137 should be seeing an average reduction in asking price of around -5.08% . This means that Kilsyth is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.85%, investors should hope to achieve an overall return of 3.94%

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
$672,500 $555,000
3.46% 0.00%
1.89% 0.00%
6.13% 5.85%
$430 $420
146 59
3.32% 3.94%
47.0833333333333 56.9423076923077

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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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