Question 1

Is Keilor a nice place to live?

Accepted Answer

Keilor sits around a historic village on the Maribyrnong River and is shaped by its riverside parklands, walking and cycling trails, village shops and cafes, and community sports facilities. Streets are largely tree-lined with single-fronted weatherboard and brick homes on medium-sized blocks, alongside pockets of newer townhouses, so everyday life leans towards outdoor recreation and local amenities close by.

The community numbers 5,906 people with a median age of 46 and a median household weekly income of $2,046. Families dominate the area, with couple families with children the largest group (49.6%) and couple families together making up about 86% of families, and owner-occupation is common at 90.3% of homes. Bus routes and easy access to arterial roads and the suburban rail network connect Keilor beyond its riverside precinct, and the heritage-listed Overnewton Castle is a named local amenity; whether this mix suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Keilor?

Accepted Answer

On the figures here, buying looks notably more stretched than renting in Keilor. The median house price of $1,254,500 is about 11.8 times a typical local household's annual income as recorded at the most recent Census (weekly income $2,046 × 52 = $106,392). By contrast, the average house rent of $665 a week would take about 32.5% of a typical local household's weekly income at the last Census, which is a sizeable share. If you are focused on renting rather than buying, that rent share is the number that matters; if you are looking to buy, the price multiple is the relevant measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Keilor a good place to invest?

Accepted Answer

Over the past 12 months house values in Keilor rose 9.6%, a solid increase in what houses are worth. At the same time the rent a house earns edged down 0.4%, a slight fall, so price growth outpaced rental income movement for houses this year.

Which of those two outcomes matters more will depend on your goals: the value change speaks to capital growth, while the rent change speaks to rental income. Whether that balance suits your circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.25M	N/A
Change in value Past 12 months	9.6%	N/A
Sold Past 3 months	24	1
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$665	N/A
Change in rent Past 12 months	-0.4%	N/A

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