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Suburb Insights ยท VIC 3042

Keilor Park 3042, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Keilor Park is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 2,684, making it a boutique locality. Located approximately 14 km from the Melbourne CBD, Keilor Park is a middle ring area in Victoria. The median household income is $76,336 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Household incomes in Keilor Park sit in a comfortable mid-range for the Victoria market. Its proximity to the CBD adds a strong location premium.

Location

Map shows Keilor Park, Victoria, Australia.

Key Indicators

Postcode
3042

Official Australia Post postcode for Keilor Park. A postcode may cover multiple suburbs.

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Population
2,684

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$392/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$76,336/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
14 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,801/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
84% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Keilor Park's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $392/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,801/month. The median household income of $76,336/year reflects a solid demographic, supporting sustainable rental demand. 84% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Keilor Park could work well with careful property selection and a longer time horizon.

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Rental Yield

Keilor Park can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation or flip strategies in Keilor Park face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Keilor Park

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Keilor Park is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Keilor Park offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Keilor Park a good suburb for investment?

Keilor Park is a middle ring area in Victoria with a population of 2,684. The median rent is $392/week and the median household income is $76,336/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Keilor Park?

Key demand drivers in Keilor Park include established amenities and transport access. 84% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Keilor Park?

According to the ABS 2021 Census, Keilor Park has a population of approximately 2,684. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Keilor Park from the Melbourne CBD?

Keilor Park is approximately 14 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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