Keilor Downs is a well-established family suburb adjacent to the landmark Watergardens Town Centre — an affordable outer-western Melbourne suburb where proximity to Watergardens' major retail facilities, improving road connections to Melbourne Airport employment, and consistent family demand from buyers seeking new-ish housing stock at sub-$820K create reliable investment conditions. Its strong Greek and Italian community character, good local schooling, and consistent demand from airport-economy workers provide a stable, diverse rental market delivering yields above 4.5%. At the current $820k median house price, an 80% loan at 6.25% over 30 years is about $4,039 per month.
| Median house price | $820,000 |
|---|---|
| Median unit price | $495,000 |
| Estimated monthly repayment | $4,039 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 7.5% |
| Gross rental yield | 4.5% |
| Typical days on market | 17 |
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