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Keilor Park, VIC 3042

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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 Park, VIC 3042 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 “Keilor Park, VIC 3042”

  1. The total adult population (15 years or older) of Keilor Park 3042 VIC is 2,204, with a median age of 44. Of those, 53.22% are married, 10.16% are divorced or separated, 29.40% are single and 7.30% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,256. The median monthly mortgage repayment for households in this suburb is $1,801 which is 24.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Ideal for families and property investors alike, the suburb of Keilor Park 3042, located in Victoria, is a vibrant community comprising around 1702 households. As we delve deeper into the Q3 data of 2023, the reported typical pricing structure for houses in this suburb stands at a rather comfortable $875,963. Coupled with a median weekly rent of $422, this presents an indicative yield of 2.51%, just below the threshold of 3% that is attractive to cashflow-focused property investors.

    A comforting aspect of the Keilor Park suburb is its IRSAD score, an impressive 978 out of 1217, indicative of the socio-economic prosperity of the suburb’s residents. Additionally, the suburb boasts a renter to owner ratio of just 17%, well beneath the ‘risk’ threshold of 30%, suggesting a market that’s not overly saturated with rental properties and offering solid long-term returns.

    Keilor Park also benefits from a low units to houses ratio, standing at just 6%, marking it as a desirable area primarily characterised by houses. This reduces the competition among landlords for tenants, helping to maintain the attractive rental yield. Consequently, it represents a stable investment environment, primarily favoured by families who prefer longer tenancy periods.

    However, the affordability index rings a bell of caution, coming in at 47 years. While at first glance this might seem a hindrance to potential buyers, it must be noted that the Index is well complemented by a low stock on market Percentage of 0.27% and a promising inventory level of just 1.12 months. These figures highlight the brisk pace at which houses are getting sold in this suburb, striking a fine balance between supply and demand.

    With a building approvals Ratio safely parked at 0.34% and a short 24 days on market, it’s clear that there’s a steady yet controlled supply of new dwellings coming into the market. Impressively, the suburb ranks high with a vacancy rate of just 0.7%, well within the optimal 1% limit, indicating a high demand for properties. Yet, a buy search index of 3 suggests a neutral interest from potential buyers.

    Keilor Park presents an encouraging scene for property buyers and investors, despite some metrics sidelining into unfavourable territory. It’s crucial to consider the broader picture while interpreting these metrics, as a majority of them, including the important RCS score, are swinging in favour of the suburb. With its compelling balance between supply and demand, this suburb sits well-positioned as a potential hotspot for property investment in the near future.

    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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