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Keilor Park
AREA REPORTS

Keilor Park

Keilor Park - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3042

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KEILOR PARK, 3042 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 $725,000.

Profits due to an downward trend in home prices in the suburb averaged -0.23% per annum over a 3-year period.

KEILOR PARK now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $420 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KEILOR PARK, homes and units usually stay on listing for an average of 53.5 days.

In 2016, 24 properties were sold in KEILOR PARK during the past year, making it the 442nd most active market in VIC based on total real estate transactions.

Data report can be found below

Keilor Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $725,000 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month -0.68% N/A
Median 3 years -0.68% N/A
Median 5 years 24.14% N/A
10 years average annual 3.54% N/A
Weekly media advert. rent $420 N/A
Time on Market 53.5 days N/A
Gross Rental Yield Percent 3.01% N/A
demographics (median values)*
Total Population
15766
Weekly Household Income
1461
Household Size
2.50
Age
40
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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