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Keilor Downs, VIC 3038
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$860,000
market range $800K-$925K
Median Unit
$630,000
market range $600K-$675K
Gross Yield (houses)
3.3%
1yr Growth (houses)
+4.3%
market range -2.5% to +15.0%
Investment snapshot for Keilor Downs
Keilor Downs has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Keilor Downs market and investor summary
In Keilor Downs, VIC 3038, the median house sells for around $860K, on a gross rental yield of 3.3% for houses. House prices have moved +4.3% over the past year. At 1.4% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Keilor Downs: people, income and schools
Keilor Downs is home to around 9,857 people, a count that has slipped about 4% over five years. At a median age of 43, it reads as skewed a little older, and 81% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $81,000 a year (about $1,560 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
Families have 47 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Keilor Downs sits about 17 km from the CBD. It is fairly car-dependent; the suburb scores 42 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 9,857
- -4% over 5yr
- Median age
- 43 years
- Median household income
- $81,000/yr
- Households renting
- 19%
- Family households
- 53%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 47
- avg ICSEA 1020
- Unemployment
- 3.8%
- Distance to CBD
- 17 km
- Walk score
- 42/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Keilor Downs
View all →Frequently asked questions about Keilor Downs
What should I check before investing in Keilor Downs?
Keilor Downs has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.3% in the past year shows positive recent price momentum. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Keilor Downs?
The median property price in Keilor Downs, VIC 3038 is $860K for houses and $630K for units.
What rental yield does Keilor Downs show?
The gross rental yield in Keilor Downs is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Keilor Downs?
House prices in Keilor Downs are up 4.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Keilor Downs?
The current vacancy rate in Keilor Downs is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Keilor Downs?
Keilor Downs has a population of approximately 9,857 residents, with a median age of 43.
What schools are near Keilor Downs?
There are 47 schools within roughly 5km of Keilor Downs. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Keilor Downs affordable to buy in?
A median house in Keilor Downs costs about 10.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Keilor Downs's population growing?
The population of Keilor Downs has fallen about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Keilor Downs from the CBD?
Keilor Downs is about 17 km from the CBD.
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