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Keilor Park

POSTAL CODE: VIC, 3042
HOUSE

KEILOR PARK, 3042 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling KEILOR PARK, 3042 values up and netting property investors a capital gain of 6.95% for the past year.

Investors saw the median home price rise to $885,000.

Profits due to an upward trend in home prices in the suburb averaged 0.57% per annum over a 3-year period.

KEILOR PARK now ranks at the 113th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $540 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 82.6 days.

In 2016, 41 properties were sold in KEILOR PARK during the past year, making it the 235th most active market in VIC based on total real estate transactions.

Surburb overview

Keilor Park is a suburb located approximately 15 kilometres north-west of Melbourne's Central Business District, within the City of Brimbank.  According to the 2021 census, it has a population of 2,684 residents. 

The suburb's demographic profile reveals a diverse community. A significant portion of the population, 62.5%, was born in Australia, with notable communities from Italy (11.9%), Greece (1.9%), England (1.6%), Malta (1.5%), and India (1.3%).  In terms of ancestry, the most common responses include Italian (24.8%), Australian (16.1%), English (15.3%), Irish (5.6%), and Greek (4.7%). 

Public transportation in Keilor Park includes bus routes 465 and 476. Route 465 operates daily and connects Essendon to Keilor Park via Buckley Street and Milleara Shopping Centre. Route 476 runs from Moonee Ponds to Hillside, passing through Essendon Station, Keilor, Watergardens Shopping Centre, and Watergardens Station. The suburb's proximity to major roads, including the Calder Freeway, facilitates convenient motorist access.

Keilor Park is equipped with essential establishments. The Keilor Park Recreation Reserve offers facilities for various sports, including soccer, tennis, basketball, and athletics.  The Keilor Botanic Gardens, located within the suburb, is dedicated to Australian native flora and covers 10 hectares.  Nearby shopping centres like Westfield Airport West provide various retail and dining options. Healthcare facilities are accessible, with several medical centres and clinics in the surrounding areas.

Recreational activities are abundant in Keilor Park. The suburb contains the Keilor Botanic Gardens, allowing residents and visitors to explore native Australian flora.  The Keilor Park Recreation Reserve provides facilities for various sports, including soccer, tennis, basketball, and athletics.  The Steele Creek Trail, a shared path for cyclists and pedestrians, also passes through the suburb, connecting to the Maribyrnong River Trail. 

Keilor Park offers a suburban environment with a blend of residential amenities, public transport options, and recreational facilities, contributing to its community-oriented atmosphere.

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