Keilor Park

KEILOR PARK, 3042 delivered a stronger 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 2.95% for the past year.

Investors saw the median home price rise to $732,500.

Profits due to an upward trend in home prices in the suburb averaged 2.84% per annum over a 3-year period.

KEILOR PARK now ranks at the 197th 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 $430 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 71.5 days.

In 2016, 22 properties were sold in KEILOR PARK during the past year, making it the 430th most active market in VIC based on total real estate transactions.