Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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|