Keilor East

POSTAL CODE: VIC, 3033

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 6.06% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,050,000

The augmented property values in the suburb are trailing behind the territorial average of 3.22% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.

Home owners selling their properties and realtors in KEILOR EAST usually have to wait an average of 64 days days before their assets are lifted off the market.

The VIC suburb ranks 443rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.97% return.

It also places places 177th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that KEILOR EAST, 3033 obtained a 3.57% growth over a ten-year period. It ranks 1163rd on our list of suburbs that property investors should look into.

KEILOR EAST, 3033 has a capital gain of -6% for the past year, which is lower than average compared to its 2.62% growth within a five-year period.

With the median home price in KEILOR EAST sitting at $705,500, and the average rent at $620, property owners could potentially earn a 4.57% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in KEILOR EAST are low, as opposed to average gains per annum over the past five years.

KEILOR EAST, 3033 in VIC belongs to the local government area of Moonee Valley.

Surburb overview

Keilor East, located approximately 13 kilometres northwest of Melbourne's Central Business District, is a suburb within the Cities of Brimbank and Moonee Valley. According to the 2021 Census, it has a population of 15,073 residents.

The suburb's demographic profile is diverse, with a median age of 43. Households in Keilor East are primarily composed of couples with children, reflecting its family-friendly environment. The area has experienced steady population growth, increasing from 13,259 residents in 2011 to 14,526 in 2016 and reaching over 15,000 by 2021.

Several bus routes serve Keilor East, providing residents access to nearby train stations and surrounding suburbs. Notably, a new railway station is proposed as part of the Melbourne Airport Rail project, which is expected to open in 2029 and will enhance connectivity to the Melbourne CBD and the airport.

The suburb hosts essential establishments catering to daily needs. Keilor East contains the Milleara Shopping Centre, also known as Milleara Mall, on the corner of Milleara Road and Buckley Street, the Centreway Shopping Centre, and the Dinah Parade shopping strip.

Recreational opportunities abound in Keilor East. The suburb has several parks and open spaces, providing areas for outdoor activities and community events. The East Keilor Leisure Centre offers various facilities, including swimming pools and fitness classes, contributing to the suburb's recreational amenities.

Keilor East's combination of cultural diversity, accessible public transport, essential services, and recreational facilities contributes to its appeal as a residential suburb within Melbourne's north-western region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,050,000	$705,500
Growth Report
Median Quarterly	2.94%	-1.33%
Median 12 month	2.94%	-6%
Median 3 years	6.06%	-11.81%
Median 5 years	22.59%	2.62%
10 years average annual	5.51%	3.57%
Weekly media advert. rent	$600	$620
Time on Market	64 days	78.5 days
Gross Rental Yield Percent	2.97%	4.57%

Demographics (Median Values)*

Total Population 14514

Weekly Household Income 1484

Household Size 2.70

Average Age 43

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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