Keilor Park

Keilor Park, VIC 3042 is a small suburb with a total population of 2684 residents. The age demographic is diverse, with a significant number of residents aged 45 to 64 years and 65 years or over. The suburb has a good mix of occupations, with professionals, technicians and trade workers, and clerical and administrative workers being the top three. Residents mainly commute by motor vehicle and there is a notable portion who work from home. For houses in Keilor Park, the suburb shows potential for renovators due to a high sale price IQR ratio. With a market absorption rate of 16.7%, there is moderate demand indicating the potential for future price growth. The rental yield for houses is around 3.5%, providing an opportunity for investors seeking steady rental income. The room demand-supply ratio is favourable, suggesting a good opportunity for homeowners interested in renting out rooms. For units, although the median growth has been negative recently, there has been a positive growth trend over 5 years, making it a potential long-term investment. Keilor Park, VIC 3042 offers a quiet suburban lifestyle with a diverse demographic mix and good infrastructure for residents. For property investors, there are opportunities in both houses and units. Houses present a chance for renovators and steady rental income, while units show promise for long-term investment growth despite recent fluctuations. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022