Consistent high demand relative to supply is a key feature in Keilor Lodge driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Keilor Lodge ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Keilor Lodge classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Keilor Lodge requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Keilor Lodge we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Keilor Lodge a better buying opportunity than it may have been in the past.
|50 SANTA MONICA DR, KEILOR LODGE, VIC, 3038||4||2||2||Private Sale $810,000 - $830,000|
Catholic Regional College North Keilor(While the above schools are located with the suburb of Keilor Lodge there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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