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%
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Units sell fast
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.