The post-budget guide to commercial property investing

Keilor Downs

POSTAL CODE: VIC, 3038
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Property investors enjoyed capital gains of 3.61% over the last 12 months in KEILOR DOWNS, translating to higher returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.38% growth over a ten-year period. It ranks 2848th on our list of suburbs that property investors should look into.

KEILOR DOWNS, 3038 has a capital gain of 3.61% for the past year, which is higher than average compared to its 16.9% growth within a five-year period.

With the median home price in KEILOR DOWNS sitting at $847,500, and the average rent at $550, property owners could potentially earn a 3.37% increase in gross rental yield.

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

KEILOR DOWNS, 3038 in VIC belongs to the local government area of Brimbank.

Surburb overview

Keilor Downs is a suburb located approximately 18 kilometres north-west of Melbourne's Central Business District, within the City of Brimbank. According to the 2021 census, it has a population of 9,857 residents. 

The suburb is predominantly residential, featuring many housing styles, including brick veneer homes from the 1980s and recent developments. The median property price for a house is currently $787,750, with an annual capital growth rate of 4.27%. Rental yields for houses are around 3.56%, with a median weekly rent of $525. 

Public transportation in Keilor Downs includes the Keilor Plains railway station, which provides access to Melbourne's rail network. The suburb is also serviced by bus routes 419 and 421, which connect to neighbouring areas and train stations. 

Essential amenities are accessible, with Keilor Central Shopping Centre offering supermarkets, retail stores, and dining options. The area is also home to several schools, including Keilor Downs College, Mary MacKillop Primary School, and Keilor Views Primary School. 

Recreational opportunities are available, with several parks and reserves within the suburb. Green Gully Reserve features playgrounds, sports fields, walking paths, and an off-leash dog area catering to various outdoor activities. The reserve is also home to the Green Gully Soccer Club, which competes in the National Premier Leagues Victoria. 

Keilor Downs offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area. 

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