Has the suburb of Keysborough been on your radar as a potential place to live? If not, it might be worth considering – especially if you’re looking for a family-friendly area, nearby great local schools.
This keysborough suburb profile will give you a snapshot of what the area has to offer in terms of facilities and amenities, as well as some key statistics on the local housing market.
Keysborough Suburb Profile
The suburb of Keysborough is located 27kms southeast of Melbourne’s CBD and is near popular areas like Noble Park, Springvale South, Bangholme and Dingley Village.
Keysborough has a population of 25,785, and its multicultural community makes it one of the most diverse suburbs in Victoria. Known initially as a semi-rural area, Keysborough has experienced significant property growth in recent years, attracting buyers.
Is Keysborough Vic a Good Suburb?
This close-knit community benefits from its proximity to amenities, including shopping centres, recreational facilities and public transport. Residents can also enjoy its mix of open spaces, parks, wetlands and golf courses.
While Keysborough is a popular suburb for young professionals, its predominant age group is older couples and established families. As a result, there are several schools in the area, both government and private. These include top institutes like Keysborough Primary School, Haileybury College, and Cornish College.
Keysborough Property Growth
Keysborough suburb’s recent housing development has seen older homes and smaller properties in the area get replaced with large modern homes. This has prompted keysborough house prices to steadily rise and is likely to continue.
As of now, there are 85 properties available for sale and 46 properties available to rent. For every property, 528 people visit, indicating there is average demand.
Keysborough Median House Price List
Listed below is property sales data on median property prices for Keysborough:
|Houses||Median Price||Units||Median Price|
|2 Bedroom House||$569,000||3 Bedroom Unit||$710,000|
|3 Bedroom House||$790,000|
|4 Bedroom House||$999,444|
Keysborough Median Rental Price List
Listed below is property sales data on property rentals for Keysborough:
|Houses||Rent Per Month||Units||Rent Per Month|
|3 Bedroom House||$1,640||2 Bedroom Unit||$1,600|
|4 Bedroom House||$2,200||3 Bedroom Unit||$1,880|
Keysborough Property – Should You Invest?
Keysborough property owners have received a capital gain of 6.6% over the last five years, with an annual rental yield of 2.7%. Rental yield is based on the house median price of $889,000, and the weekly rent of $465 / week for this suburb.
In the past five years, Keysborough units have seen a capital gain of 8.6%, and an annual rental yield of 3.6%. Rental yield is based on the unit median price of $661,500, and the weekly rent of $460 / week for this suburb.
Based on these findings, it is safe to say that both properties and units in Keysborough offer excellent value for money. Units present an attractive alternative to houses, offering greater returns and a lower entry point.
Safety – Keysborough Crime Rate
Keysborough is part of Greater Dandenong, and as a city, has a crime rate average higher than the state of Victoria.
However, despite crime being higher in the city, it may not necessarily affect the number of criminal offences in Keysborough. The suburb’s population is relatively small, and there are many testimonials from residents who state that they never feel unsafe.
Things to Do in Keysborough
As mentioned beforehand, Keysborough has no shortage of green space, featuring many playgrounds and parks. There are also several beaches by the bay and rivers like Dandenong Creek.
Keysborough’s shopping centres will also have you covered if you’re looking for some retail therapy or a bite to eat. Let’s go through the best sites to visit in Keysborough:
Roth Hetherington Native Botanical Garden
This garden is located in the heart of Keysborough and features more than 12,000 species of flower and over 30,000 plants worldwide. It’s also decorated with 19th-century art, with many buildings from that period adding to its quaint charm.
If you’re into walking trails, gorgeous scenery and breath-taking views, Roth Hetherington Native Botanical Garden is the place to visit.
Parkmore Shopping Centre
This is one of the most popular shopping centres in Keysborough, attracting thousands of locals daily. It features Coles, Woolworths and many other specialty stores. While it can get crowded during the day, at night there are plenty of parking spots available. All in all, Parkmore is a great shopping experience for locals and tourists alike.
Need a day out with the kids? Tatterson Park has got you covered. This park includes an insect-themed playground, wetlands and plenty of woodlands. Spanning almost 50 hectares of land, the park’s natural features are great for exploring and picnics.
If you’re looking for a place to take the family for some fun and excitement, Supa World is the perfect destination. The centre is packed to the brim with activities such as trampolining, rock climbing, a Ninja Warrior obstacle course, arcades, and so much more. Test your physical capabilities in one of the largest play centres in Melbourne.
Keysborough Suburb Review – Things to Take Away
While not close to Melbourne’s CBD, Keysborough is close to many other attractive suburbs, only a short drive away by car. Dandenong, Springvale and Rowville are all great areas to spend the day, with plenty of amenities and activities for you to enjoy. Keysborough property growth also makes it a great suburb for investors, with property value increasing by the year.
The quiet and green suburb of Keysborough has something for everyone. If you’re looking for a dream home to settle down in the outer suburbs, Keysborough is an ideal choice.