keysborough

3173, Victoria

Real Estate & Property Information

Median
Price Rank
314

keysborough Suburb Profile & Review

Keysborough was named after the Keys family, squatters who became the largest landowners in the area in the 1840s. Located south-west of Dandenong, Keysborough is semi-rural, residential and industrial. Though there have been significant developments, much of the area remains green wedge land, and these wide open spaces accommodate parks and sports fields, such as Keysborough Golf Club and the spectacular Coomoora Reserve.

Parkmore Shopping Centre contains a Coles supermarket, a Big W and a Kmart, in addition to many other specialty stores. A Community Kitchen Garden was established on the rooftop car park, and from here shoppers can feel free to take fresh seasonal produce. Six buses run from the shopping centre on their way to neighbouring areas. Buses also travel along Springvale Road, allowing school students and commuters convenient access to the city.

Schools in the area include Keysborough Secondary College and Turkish independent school Isik College, which reflects Keysborough's sizable Turkish community. Residents also commonly hail from Vietnam, India, and Sri Lanka. Haileybury, an independent school that incorporates both Haileybury College, an all-boys college and Haileybury Girls' College, an all-girls college, is one of Melbourne's top ranking private institutions.

keysborough Demographic Data

$ 430,000 Median House Price

31 Minutes Average Commute

37 Median Age

19,885 Population

50.40 % Female

49.60 % Male

5472 NO OF FAMILIES

1.9 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 keysborough, Victoria.

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keysborough 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.

keysborough Median House Prices

  • 2008 $ 300,000
  • 2009 $ 361,000
  • 2010 $ 369,500
  • 2011 $ 416,000
  • 2012 $ 430,000

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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keysborough 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 keysborough 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 keysborough property price predictions.

keysborough Market Property Types

  • 86 % Seperate House
  • 12 % Semi Detached
  • 2 % 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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keysborough 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.

keysborough Income & Mortgage Stats

  • $ 1,253 Median Weekly Household Income
  • $ 1,800 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 keysborough

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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keysborough 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.

keysborough Sold Property Prices

keysborough 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.

keysborough Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

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?

keysborough Restaurants

  • Sushi SushiParkmore Shopping Centre, 317 Cheltenham Road keysborough VIC 317303 9798 6668
  • Shark Fin328 Cheltenham Roadkeysborough VIC 317303 9798 8788
  • Mehfil Indian Restaurant291 Corrigan Rdkeysborough VIC 317303 9798 7544

keysborough Cafes

  • Gardenworld Licenced Cafe810 Springvale Roadkeysborough VIC 317303 9769 1019
  • The Boulevard Cafe24 Fiveways Boulevardkeysborough VIC 317303 9701 8621
  • The Red Balloon Coffee Lounge317 Cheltenham Road keysborough VIC 317303 9798 5658

keysborough Schools

  • Keysborough Learning Centre402 Corrigan Roadkeysborough VIC 3173(03) 9798 7005Adult Multicultural Education Service
  • Keysborough Resurrection Primary School402 Corrigan Roadkeysborough VIC 3173(03) 9798 4126Catholic Primary School
  • Haileybury College Keysborough Campus Newlands855 Springvale Road,keysborough VIC 3173(03) 9213 2280Private School

keysborough Childcare

  • Freedom Club CC402 Corrigan Rdkeysborough VIC 3173
  • Haileybury Newlands855-891 Springvale Roadkeysborough VIC 3173
  • Keysborough Community Childrens CentreCheltenham Rdkeysborough VIC 3173

keysborough Kindergarten and Preschools

  • Bilbungra Kindergarten1 Filer Courtkeysborough VIC 3173
  • Chandler Kindergarten160-162 Bloomfield Rdkeysborough VIC 3173
  • Corrigan Rex Preschool Ctr28 Kingsclere Avenuekeysborough VIC 3173

keysborough Sporting Centres and Clubs

  • Keysboroughkeysborough VIC 3173Golf Course
  • Haileybury Collegekeysborough VIC 3173Tennis Club & Courts
  • Aces Sporting Clubkeysborough VIC 3173

keysborough Retirement Villages

  • Druids Parkglenkeysborough VIC 3173
  • Parkglen Ret. Communitykeysborough VIC 3173

keysborough Vets

  • Australian Animal Protection Society Shelterkeysborough VIC 3173

Find out How Much your House is Worth in keysborough

Request a free market Basic Report for keysborough 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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