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Keilor East, VIC 3033

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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 Keilor East, VIC 3033 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 

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3BR

4BR

5BR

Rent 

2BR

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4BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Keilor East, VIC 3033”

  1. The total adult population (15 years or older) of Keilor East 3033 VIC is 12,435, with a median age of 43. Of those, 53.18% are married, 9.67% are divorced or separated, 30.42% are single and 6.76% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,028. The median monthly mortgage repayment for households in this suburb is $2,167 which is 24.00% of their earnings.

    Source: ABS Census Data (2021)

  2. In the third quarter of 2023, the suburb of Keilor East, postcode 3033 in the state of Victoria, has been analysed based on its property market data. With an estimated 7133 households, it presents an attractive prospect for property investors and buyers agents alike.

    Typical prices for houses stand at a significant $1,027,671, a figure that needs to be in perspective with the median weekly rent of $494. Although these high property prices result in a relatively low indicative yield of 2.5%, which falls short of the minimum 3% marker for investment, a comprehensive look at the other metrics presents a more nuanced understanding of the investment viability.

    Keilor East has an impressive IRSAD score of 1031 out of 1217, highlighting the favourable socio-economic status of the locality, which can often translate into increased property values. With a renter-to-owner ratio standing at a low 19%, it’s indicative of a market that isn’t overly saturated with rental properties. This can lead to a more stable property market and potentially better returns in the long run.

    The suburb has an overwhelmingly higher proportion of houses to units, with the units-to-houses ratio at a mere 8%. This suggests a predominance of homeowners over tenants adding to the market stability with prospects of long-term tenancy periods.

    While the ‘years to own’ metric or the affordability index stands at an unfavourable 45 years, the particularly low stock on market Percentage at 0.23% and a low inventory level of 0.85 months are strong favourable indicators of supply conditions. These represent potential opportunities, considering markets with low supply often indicate a higher value in the future.

    The building approvals Ratio of 0.7% is a positive indicator suggesting low future supply influx. Furthermore, Keilor East’s average days on the market for houses is only 22, reflecting high demand. The buyer demand is further reinforced as our analysis of Vacancy Rates shows a relatively low 1.49%, and the buy search index for houses at 4 signifies a fairly neutral demand in the market.

    So, while the indicative yield and affordability index may fall short of the desired benchmarks, we see that the majority of other metrics maintain a favourable stance for investment. It’s also worth pointing out that trends of these metrics should be continuously monitored and HtAG Analytics’ Relative Composite Score (RCS) can be instrumental in facilitating this research, using over 80 such metrics.

    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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