keilor east

3033, Victoria

Real Estate & Property Information

Median
Price Rank
184

keilor east Suburb Profile & Review

Keilor East is a north-western suburb located in a basin of the Maribyrnong River. Primarily residential, it is flanked by large shopping centres such as Centro Keilor in Keilor Downs, and Watergardens Town Centre in Taylors Lakes.

There are a number of schools in and around the area, such as the prestigious Penleigh and Essendon Grammar School. Brimbank Park in the Maribyrnong Valley teems with leisure activities walking trails, barbeque facilities, picnic grounds and playgrounds are all available in abundance and the Leaping Lizard cafe is a handy rest stop in the park's centre. Keilor Village on the Old Calder Highway is a small but thriving shopping strip featuring bakeries, delis, healthcare specialists and the Keilor Village Library.

The Calder Freeway runs through the suburb, providing residents with an easy route to both the inner city and country Victoria. The nearest train station is Keilor Plains in St Albans, which runs to Southern Cross Station on the Sydenham line.

keilor east Demographic Data

$ 580,000 Median House Price

19 Minutes Average Commute

42 Median Age

13,259 Population

51.16 % Female

48.84 % Male

3846 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in keilor east, Victoria.

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keilor east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

keilor east Median House Prices

  • 2008 $ 374,000
  • 2009 $ 415,000
  • 2010 $ 446,000
  • 2011 $ 575,000
  • 2012 $ 580,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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keilor east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in keilor east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term keilor east property price predictions.

keilor east Market Property Types

  • 90 % Seperate House
  • 7 % Semi Detached
  • 3 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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keilor east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

keilor east Income & Mortgage Stats

  • $ 1,225 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in keilor east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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keilor east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

keilor east Sold Property Prices

keilor east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

keilor east Related Local Blog Posts

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Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

keilor east Cafes

  • Leaping Lizards Cafe1 Brimbank Parkkeilor east VIC 303303 9336 3909
  • Leaping Lizard CafeMaribyrnong Valley Parklandskeilor east VIC 303303 9336 3909

keilor east Schools

  • St. Peters Primary School2A Parkside Avenuekeilor east VIC 3033(03) 9337 4111Catholic Primary School
  • Penleigh & Essendon Grammar Middle School (boys)Corner of Keilor and Rachelle Roadskeilor east VIC 3033(03) 9016 2000Private School
  • Keilor Heights Primary SchoolRonald Grovekeilor east VIC 3033(03) 9336 1739 State Primary School

keilor east Childcare

  • Keilor East Milleara Family & Community HubMilleara Rdkeilor east VIC 3033

keilor east Kindergarten and Preschools

  • Keilor East Preschool31 Mark Streetkeilor east VIC 3033
  • Lincolnville PreschoolDevon Avenuekeilor east VIC 3033
  • Milleara Gardens PreschoolPark Drivekeilor east VIC 3033

keilor east Sporting Centres and Clubs

  • Essendon Grammarkeilor east VIC 3033Hockey Club
  • St. Bernards Collegekeilor east VIC 3033Hockey Club
  • Keilor East Tennis Clubkeilor east VIC 3033Tennis Club & Courts

Find out How Much your House is Worth in keilor east

Request a free market Basic Report for keilor east to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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