Question 1

Is Keilor Lodge a nice place to live?

Accepted Answer

Keilor Lodge is a small, established suburb on Melbourne's north-west fringe closely linked to neighbouring Keilor. Mainly residential, it has many single-storey brick homes from the mid century era alongside renovated properties and some newer infill. The suburb suits people after a quiet suburban lifestyle, including families and those downsizing. Local shops and schools are within easy reach, and nearby parks and river corridors support walking and weekend recreation.

About 1,668 people live in Keilor Lodge, with a median age of 44 and a median household income of $2,198 a week, roughly $114,296 a year. Families make up the bulk of households and over four in five homes are owner-occupied, with 50.0% owned outright and 36.8% owned with a mortgage. Links to surrounding centres come via local roads and bus services, and Keilor Lodge Reserve and other parks have been included in council park works and the Creating Better Parks program.

Question 2

Is it expensive to live in Keilor Lodge?

Accepted Answer

A house rented for $675 a week in Keilor Lodge would take about 30.8% of a typical local household's weekly income as recorded at the most recent Census. That sits in the 30 to 40% band, which is classed as a sizeable share of income, so for renters this figure shows housing would take a sizeable portion of what a typical local household earned at the last Census.

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 Lodge a good place to invest?

Accepted Answer

The available figures for Keilor Lodge this year are for houses. Median house values climbed 11.6% over the past 12 months, a strong rise, while house rents edged up 1.5% over the same period. Put simply, the capital-growth side of the house market outpaced rental-income growth in the year to date.

If you are weighing Keilor Lodge as an investment, those two numbers are the ones to consider: 11.6% points to notable price growth for houses over the year, while 1.5% is the change that would affect rental income. Whether that balance suits your objectives depends on whether you prioritise capital gains or rental return.

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	N/A	N/A
Change in value Past 12 months	11.6%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$675	N/A
Change in rent Past 12 months	1.5%	N/A

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