property

First-Home Buyers Surge Into Keilor as Entry Prices Stabilise

First-home buyers are locking in entry-level homes at rising volumes across Keilor as prices stabilise at accessible points.

By Keilor Property Desk · Published 8 July 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. Melbourne Weather News is part of The Daily Network and follows our reasonable editorial care.

First-home buyer activity in Keilor jumped 22 percent in the June quarter, with 148 contracts signed on properties under $750,000 compared with 121 in the same period last year.

The increase comes as lenders tighten deposit requirements while entry prices hold steady after two quarters of flat growth, giving buyers a narrow window before renewed competition from investors.

Entry Points on Milleara Road and Around Keilor Village

Properties along Milleara Road near the Keilor Village Primary School oval have drawn the bulk of new buyer traffic, with three-bedroom units selling between $685,000 and $715,000 in the past six weeks. The Keilor Community Bank’s HomeStart program, which offers reduced-fee loans for first-time applicants, recorded 37 approvals tied to addresses in that corridor during June alone. Further east, streets off the Old Calder Highway near the Keilor East recreation reserve saw similar movement, with two townhouses at 14 and 18 McFarlane Street changing hands at $698,000 and $712,000 respectively on 2 July.

Local agent records from the Keilor Real Estate Group show the median entry-level price across these pockets now sits at $704,000, down $8,000 from the March peak. Settlement data released by the Keilor council planning office on 6 July confirms 62 first-home buyer settlements closed in the preceding month, the highest monthly total since December 2024.

Next Steps for Buyers Watching the Market

Buyers should inspect listings on Church Street and the western end of Keilor Road this weekend, where four properties remain under the $720,000 mark. Pre-approval through the HomeStart program before 31 July will secure current fee structures ahead of any lender adjustments expected in August.

Those who miss the current stock can register for alerts from the Keilor Real Estate Group, which tracks new listings hitting the market each Tuesday morning.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

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