Suburb Profile Report for Keysborough VIC (3173)

Keysborough House: Median price $746,500, Annual capital growth 7.36%, Number of sales 292, Weekly median advertised rent $480

Keysborough Unit: Median price $575,000, Annual capital growth 5.60%, Number of sales 43, Weekly median advertised rent $468

  • 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.

  • House Report
  • Unit Report

Property investors who have had real estate in Keysborough, 3173 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.78%

Keysborough,3173 has offered an average of -1.78% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -8.02% to buyers in Keysborough at the moment, which is less than average for the rest of VIC.

Residents and property investors in Keysborough have been waiting around 58.7161 days to sell a property.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 7.36%, investors should hope to achieve an overall return of 3.34%

Property value increases in Keysborough have tracked just higher than the VIC average of 6.11% over the last 12 months.

A 30.98% growth in median value for property investors in Keysborough,3173 puts this suburb at number 48th in terms of best performing suburbs in VIC

Property buyers and investors in Keysborough 3173 should be seeing an average reduction in asking price of around -6.29% . This means that Keysborough is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $467.5 mark per week – giving a return of 4.23% based on the median price in Suburb

Metrics i HOUSE UNIT
$746,500 $575,000
0.88% 5.70%
-1.78% 13.41%
7.36% 5.60%
$480 $468
292 43
3.34% 4.23%
58.7161290322581 69.6666666666667

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 : Above average (H), Good (U)
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Demographics
Total population 19885
Median household income ($/weekly) 1253
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 2649 13.3
    25-34 years 2710 13.6
    35-44 years 2840 14.3
    45-54 years 2811 14.1
    55-64 years 2486 12.5
    Others 6390 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 8338 55.0
    Not Married 6146 40.6
    Defacto Relationship 665 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8976 47.4
    Canada 1322 7.0
    Indonesia 879 4.6
    Viet Nam 2006 10.6
    Other 1389 7.3
    Others 4379 23.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 4129 22.3
    Christianity 9937 53.6
    Hinduism 596 3.2
    Islam 1205 6.5
    No Religion 2521 13.6
    Others 139 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 515 9.5
    $1,000-$1,249 569 10.4
    $1,250-$1,499 514 9.4
    $1,500-$1,999 785 14.4
    $2,000-$2,499 579 10.6
    Others 2484 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5975 39.0
    Not in the labour force 5756 37.6
    Employed, worked part-time 2407 15.7
    Employed, away from work 603 3.9
    Unemployed, looking for work 575 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1293 14.4
    Technicians & trades workers 1285 14.3
    Clerical & administrative workers 1355 15.1
    Machinery operators & drivers 1073 11.9
    Labourers 1358 15.1
    Others 2616 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 304 6.4
    Infants/Primary 1518 31.7
    Secondary 1494 31.2
    Technical or Further Educational Institution 408 8.5
    University or other Tertiary Institutions 821 17.2
    Others 239 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16758 87.6
    Semi-detached, row or terrace house, townhouse 2216 11.6
    Flat, unit or apartment 145 0.8
    House or flat attached to a shop, office 12 0.1
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2696 45.4
    Fully owned 2270 38.2
    Rented 903 15.2
    Other tenure type 69 1.2
    Tenure Type
Census 2011, ABS
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