Keilor VIC 3036: Property Market Report & Real Estate Insights

Part of Brimbank, VIC

Keilor Real Estate Market Outlook

Thinking about buying in Keilor? Now could not be a better time, with 2872 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,388,000 with prices in this suburb ranging from $584,000 to $19,529,000. The approximate distance to the coast is 10 Km.

Living in Keilor

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Keilor are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Keilor provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Keilor to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Keilor the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

Keilor, a suburb located within the City of Brimbank in Victoria, Australia, presents a distinctive blend of historical charm and contemporary suburban life. The housing market in Keilor reflects its diverse character, offering a variety of options ranging from spacious family homes to more modern, compact dwellings. As of the latest market insights, Keilor has shown steady growth in property values, attributed partly to its desirable proximity to Melbourne and access to transportation links like the Calder Freeway. The suburb's strong community spirit, combined with a variety of local amenities and green spaces, continues to attract families and professionals alike. Prospective buyers and investors are drawn to the promise of stable growth and the appealing lifestyle that Keilor offers within the burgeoning City of Brimbank.

Living in Keilor provides residents with a balanced suburban experience infused with elements of natural beauty and rich history. The suburb is well-endowed with parks and recreational facilities, such as Brimbank Park and the Keilor Botanic Gardens, encouraging a healthy outdoor lifestyle. This, paired with a selection of schools, shopping centers, and sporting clubs, makes it an ideal location for families. The local community is known for its active involvement and friendly atmosphere, often seen participating in community events and local markets. Additionally, Keilor's proximity to Melbourne enables a convenient commute to the city, making it a practical choice for those who work in the city but prefer a quieter, more spacious living environment at home. Overall, Keilor exemplifies a harmonious mix of convenience, comfort, and community within the vibrant setting of the Brimbank area.

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