If you compare the increase in value of investment property in Kilsyth, 3137 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 -2.04%.
While Kilsyth,3137 ranked number 559th in VIC for increase in median house value (annualised) increase, it is ranked 194th over the last 5 years.
At number 327th of VIC’s most discounted properties, Kilsyth is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Kilsyth have been waiting around 47.58 days to sell a property.
Kilsyth, 3137’s gross rental yield is 3.09%
Investment property in Kilsyth has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.83%
Kilsyth,3137 was ranked 978 in Australia by increase in median property value over the quarter.
The most recent median price for Kilsyth is $555000, with sellers offering an average of -5.35% off the asking price.
The VIC suburb of Kilsyth, 3137 is in the Yarra Ranges (S) local government area.
Named for a Scottish town, the suburb of Kilsyth is enjoying booming population growthFull summary
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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.Close