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VIC › Keilor East › Milleara Rd

148 Milleara Rd, Keilor East VIC 3033

For saleHouse for Sale

$1,000,000–$1,100,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

1

Car spaces

301 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,000,000–$1,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,000,000–$1,100,000(Listing record · 29 May 2026)
  • FactLand 301 m²; no building size recorded.(Property record)
  • CalculationAsk is 9% below the Keilor East median recorded sale ($1,100,000, n=75, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Keilor East's advertised median rent ($576/wk), implied gross yield would be 3.00% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,000,000–$1,100,000

Asking range · $3,322/m² of land

No recorded sale for this property.

Keilor East at a glance

15,845

People

$1,100,000

Median sale

$576/wk

Median rent

2.72%

Suburb gross yield

Median sale from 75 recorded sales (last 12 months) — a Districts calculation.

See the full Keilor East report →

Vs Keilor East

-9.1%

Median sale

Suburb $1,100,000

+0.28 pp

Gross yield

Suburb 2.72%

Suburb median $1,100,000 from 75 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,000,000
Stamp Duty (Victoria)
$55,000
Transfer/Registration Fee
$2,444
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,061,144

$61,144 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Keilor East's advertised median rent — not a rent for this listing.

Net yield
1.50%
Annual cashflow (pre-tax)
$-37,048
Interest cover (DSCR)
0.29
Annual rent
$29,952
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
3.00%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,000,000–$1,100,000available29 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $576/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Keilor East in one glance

Keilor East at a glance

15,845

People

$1,100,000

Median sale

$576/wk

Median rent

2.72%

Suburb gross yield

Median sale from 75 recorded sales (last 12 months) — a Districts calculation.

See the full Keilor East report →

Keep researching

  • Why Keilor East? Read the area thesis →
  • What else is on the market in Keilor East →
  • Other records on Milleara Rd →

Listing material

Listed by Moonee Valley Real Estate

ARCHITECTURALLY DESIGNED LUXURY WITH STAMP DUTY SAVINGS

A rare opportunity to secure a brand-new luxury single level residence in one of Keilor East’s most central pockets, this architecturally designed home on approx 301sqm combines high-end finishes, premium craftsmanship and effortless low-maintenance living - all with the added advantage of no owner's corp fees and significant stamp duty savings available for eligible purchasers.

Privately positioned within an exclusive boutique development and due for completion in approximately 4-6 months, this stunning single level residence has been thoughtfully designed to deliver a sophisticated lifestyle with exceptional attention to detail throughout.

From the striking contemporary façade and fully landscaped surrounds to the expansive interiors and curated designer finishes, every element has been carefully considered to create a home of timeless elegance and comfort.

Read the full description

Inside, buyers will be immediately impressed by the soaring 2.7m ceilings, engineered timber flooring, oversized designer doors and an abundance of natural light throughout. The centrepiece kitchen showcases luxurious Calacatta Extra stone benchtops with waterfall edges and matching splashbacks, full range of premium Smeg appliances, integrated dishwasher, walk-in pantry and brushed gold fixtures, all seamlessly connecting to the spacious open-plan living and dining zone complete with feature electric fireplace and large stacker doors opening to beautifully landscaped outdoor entertaining.

The accommodation is equally impressive, featuring luxurious bedrooms with mirrored robes, while the master suite offers a fully fitted his-and-hers walk-in robe and a breathtaking hotel-inspired ensuite finished with stone marble basins, brushed gold fittings and premium designer touches.

Further enhancing the home is refrigerated ducted heating and cooling, smart lock entry with app connectivity and facial recognition technology, floor-to-ceiling tiling in wet areas, premium lighting throughout, landscaped gardens, exposed aggregate driveway, water tank, garden shed and much more.

Perfectly suited to downsizers, families and buyers seeking premium single level living without compromise, the home is ideally positioned close to elite schooling, Milleara Shopping Centre, parklands, cafes, public transport and easy freeway access to CBD.

This is off-the-plan buying at its absolute finest - luxurious, low maintenance and exceptionally well appointed.

Features include:

- Brand-new luxury single level residence

- Stamp duty savings available

- Approximate completion in 4 months

- Premium architecturally designed home

- Smart lock entry with facial recognition & app access

- 2.7m ceilings throughout

- Engineered timber flooring

- Designer kitchen with Calacatta stone & Smeg appliances

- Walk-in pantry with additional sink

- Refrigerated ducted heating & cooling

- Feature electric fireplace

- Fully landscaped gardens

- Exposed aggregate driveway

- Premium brushed gold fixtures throughout

- Boutique low-maintenance living in a premium location

DAVID GIGLIOTTI - 0411 824 854

Images, renders and floorplans are indicative only and have been provided by the developer for marketing purposes. Whilst every effort has been made to ensure accuracy, finishes, layouts, fixtures, fittings and specifications may vary and are subject to change without notice.

Property Code: 4003

Listing description written by David Gigliotti, Moonee Valley Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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