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Kealba, VIC 3021

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kealba, VIC 3021 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Kealba, VIC 3021”

  1. The total adult population (15 years or older) of Kealba 3021 VIC is 2,672, with a median age of 39. Of those, 46.48% are married, 12.43% are divorced or separated, 36.23% are single and 4.53% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,060. The median monthly mortgage repayment for households in this suburb is $1,625 which is 23.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within the vibrant state of VIC, Kealba 3021 is a thriving suburb which accommodates an estimated 1354 households. Renowned for its friendly atmosphere and convenient amenities, Kealba has turned into a popular choice for property buyers and investors alike.

    In the third quarter of 2023, the typical price for houses in Kealba, VIC stood at $703,727. Meanwhile, the median weekly rent is marked at $403, following through to an indicative yield of 2.98%. Despite this yield is slightly lower than 3%, which minimises its appeal to cashflow-centered real estate investors, other metrics present favorable conditions for the long-term value investments.

    Kealba has garnered an impressive IRSAD (socio-economic) score of 959 out of 1217, illustrating the suburb’s socio-economic prosperity and appealing lifestyle for its residents. Kealba maintains an advantageous renter to owner ratio of 18%, significantly lower than the 30% limit that property investors tend to consider as favourable. This indicates a stable and mature market, one that’s not dominated by rental properties and therefore aligns with the interests of long-term investors.

    Along the same lines, Kealba’s units to houses ratio is particularly low, sitting at a mere 7%. This presents an appealing scenario for landlords, as fewer apartments mean reduced competition for tenants, and contributing to the suburb’s strong community vibe.

    Despite Kealba’s affordability index indicating a slightly high 39 years to completely own a property, it’s crucial to glance over the other supply metrics. For instance, the suburb has a stock on market percentage of 3.71% which indicates a relatively high supply. Simultaneously though, the low inventory levels of 1.15 months paint an encouraging picture, reflecting that properties are being snapped up swiftly.

    With a building approvals Ratio for houses at a favourable 0.17% and average days on the market for houses at a quick 27 days, it’s clear the demand remains high in Kealba. Similarly, the extremely low vacancy rate of 0.41% implies that rental properties are quickly occupied, maintaining a constant demand for housing.

    However, the buy search index for houses rests at 3, suggesting a neutral demand, and highlights the importance of keen monitoring of market trends for prospective property investments in the area.

    In conclusion, while Kealba may present some unfavourable metrics such as the slight shortfall in yield and high affordability index, the majority of indicators present appealing conditions, particularly for long-term value investors.

    The ultimate understanding of a property investment opportunity beyond the data like this provided is derived from an array of metrics and trends. Therefore, metrics like the Relative Composite Score (RCS) offered by HtAG Analytics, which synthesise over 80 different metrics, are worthy resources to consider for a far-reaching analysis of your future property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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