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Keilor Park suburb profile

Keilor Park is a practical, working suburb in Melbourne's north-west where quiet residential streets sit alongside light industrial and warehousing areas, giving the place a functional, everyday character. The neighbourhood is built on flat plains with small parks and sporting ovals scattered through it, and a modest local shopping strip that meets daily needs while larger retail and services are a short drive away. Housing is largely single-storey brick homes with some newer low-rise townhouses, attracting long-term locals, tradespeople and families who value straightforward housing, easy road connections to the airport and industrial precincts, and simple community amenities.

Keilor Park property market performance

Property growth+5.6%Past 12 months

Like many smaller suburbs, Keilor Park sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 14.5% over the last 12 months.

Over the last 3 months there were 7 house sales, and houses sold in a median of 52 days over the last 12 months.

The rental market in Keilor Park saw house rents average $615 a week, up a solid 7.0% over the last 12 months. There isn't enough recent data to report a reliable rent figure for units.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
14.5%N/A
Sold
Past 3 months
7N/A
Median days on market
Past 12 months
52N/A
Average rent
Past 12 months
$615N/A
Change in rent
Past 12 months
7.0%N/A

5 year median price trend for houses and units

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Keilor Park demographics

Most homes in Keilor Park are owner-occupied, with about 82.9% owned either outright (50.4%) or with a mortgage (32.5%). Renters account for 17.1% of dwellings in the suburb.

Keilor Park is a community of 2,684 people with a median age of 44 and a median total household income of $1,468 a week, roughly $76,300 a year. Families are dominated by couples: 43.5% are couple families with children and 36.3% are couple families without children, together making up 79.8% of families. One-parent families represent 17.6% and other families 2.6%.

Suburbs near Keilor Park

Some popular suburbs near Keilor Park include:

  • Keilor: Historic suburb on the Maribyrnong River with a village centre.
  • Keilor East: Established, tree-lined suburb with parks and character homes.
  • Airport West: Commercially focused suburb with a mix of shops and housing close to the airport.
  • Tullamarine: Known for large industrial estates and the precinct around Melbourne Airport.
  • Kealba: Quiet, leafy suburb with pocket parks and established post-war homes.

How does Keilor Park compare to nearby suburbs?

  • Median house prices: Keilor Park’s median house price is 15.4% higher than Tullamarine’s.
  • House price growth: Over the past 12 months, house prices in Keilor Park have grown 4.9% higher than in Keilor.
  • Unit price growth: Property prices in nearby Keilor East have risen 62.2% more than in Keilor Park over the past year.
  • Selling speed for houses: Properties in nearby Keilor are selling 23.1% faster than in Keilor Park.
  • Investment considerations: In Keilor Park, the rental yield for house is 3.0% lower than the Melbourne average, while the rental yield for units is 11.9% lower.
  • House price growth: Over the past 12 months, house prices in Keilor Park have grown 10.1% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Keilor Park have grown 20.2% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Keilor Park

Choosing the right real estate agent in Keilor Park can have a big impact on your sale. While there are 24 real estate agents working in the suburb, but just 5 of them were responsible for 50.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.54% to 2.94%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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