Suburb Overview
Keilor Lodge is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 1,668, making it a boutique locality. Located approximately 19 km from the Melbourne CBD, Keilor Lodge is a middle ring area in Victoria. The median household income is $114,296 per year.
Location
Key Indicators
Postcode
3038
Postcode for Keilor Lodge, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
1,668
Usual resident population at the most recent census.
Median weekly rent
$421/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$114,296
Annual median household income (before tax) across all households.
Distance to CBD
19 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,993/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
91% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Keilor Lodge is a smaller community of 1,668 — about 22% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $114,296/year runs 20% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. At the 2021 Census, median weekly rent of $421 equated to $1,824/month — about 92% of the then-median mortgage repayment of $1,993/month. Both figures have moved substantially since 2021, so treat the ratio as a historical signal that this suburb leaned cash-flow-friendly, and verify against current listings and rates. 19 km from Melbourne places Keilor Lodge in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
Keilor Lodge vs Victoria Median
How Keilor Lodge stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Keilor Lodge sits above the state median; negative means below.
| Metric | Keilor Lodge | VIC median | Δ vs state |
|---|---|---|---|
| Population | 1,668 | 7,416 | -78% |
| Median household income | $114,296/yr | $95,160/yr | +20% |
| Median rent (weekly, 2021 Census) | $421 | $380 | +11% |
| Median mortgage (monthly, 2021 Census) | $1,993 | $1,950 | +2% |
| Distance to CBD | 19 km | 32 km | -41% |
| Separate houses | 91% | 78% | +13pp |
Investor Checklist
Pre-inspection briefing for Keilor Lodge — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 1,668 residents — 22% of the VIC suburb median (7,416).
- Purchasing power: median household income $114,296/year (+20% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $421/week rent (≈ $1,824/month) covered ~92% of the $1,993/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 19 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 91% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$199/month extra for a 1-percentage-point RBA rate rise on top of the $1,993/month median repayment.
- Tenant rent burden: 19% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
Strong buy-and-hold fundamentals: household incomes run 20% above the Victoria suburb median ($114,296 vs $95,160), and the 19 km CBD distance keeps this suburb in the primary demand zone. In Victoria, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Strong rental coverage at the 2021 Census: $421/week (~$1,824/month) covered 92% of the $1,993/month median mortgage, a shortfall of just $169/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
With 91% houses in a 1,668-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk Factors
- Interest-rate sensitivity: the $1,993/month median mortgage in Keilor Lodge means a 1-percentage-point RBA rate rise could add roughly $199/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 1,668 residents, Keilor Lodge has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- House-dominant stock: 91% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Keilor Lodge regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in Keilor Lodge with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
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Start your first-home journey →2026 Outlook
Keilor Lodge enters 2026 with a demographic tailwind — household incomes 20% above the Victoria suburb median of $95,160 and a population of 1,668 give it the depth and purchasing power to outperform the wider VIC market over the next 12–18 months. At the 2021 Census, rental coverage ran at ~92% of the typical mortgage ($1,824/month rent vs $1,993/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Keilor Lodge is balanced heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Keilor Lodge a good suburb for investment?
Whether Keilor Lodge suits you depends on your strategy, but the fundamentals are concrete: a population of 1,668, a median household income of $114,296/year and median weekly rent of $421. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Keilor Lodge?
The main demand drivers in Keilor Lodge are proximity to Melbourne (19 km), an above-state-median household income of $114,296/year, a dwelling mix that is 91% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Keilor Lodge?
Keilor Lodge has a usual resident population of approximately 1,668, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is Keilor Lodge from the Melbourne CBD?
Keilor Lodge sits 19 km straight-line from the Melbourne CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
What is the median rent in Keilor Lodge?
The most recent census recorded a median weekly rent of $421 in Keilor Lodge, equating to approximately $21,892/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Keilor Lodge?
The median monthly mortgage repayment in Keilor Lodge is $1,993, or approximately $23,916/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is Keilor Lodge cash-flow positive for investors?
A median weekly rent of $421 works out to $1,824/month, covering 92% of the median mortgage repayment of $1,993/month. That leaves a $169/month shortfall (around $2,028/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Keilor Lodge?
The main risks are a thin buyer pool (1,668 residents), interest-rate sensitivity on the $1,993 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Keilor Lodge profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.