Suburb Profile Report for Kew VIC (3101)

Kew House: Median price $2,217,500, Annual capital growth 10.94%, Number of sales 242, Weekly median advertised rent $720

Kew Unit: Median price $690,000, Annual capital growth 6.15%, Number of sales 206, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 8.27% which means that Kew, 3101 has done well for property investors by showing a capital gain of 3.86% over the last year

While Kew,3101 ranked number 327th in VIC for increase in median house value (annualised) increase, it is ranked 231th over the last 5 years.

Sellers are offering property buyers an average discount of -8.50% to buyers in Kew at the moment, which is less than average for the rest of VIC.

In the last year 242 properties changed hands in Kew, which puts it as the 87th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $720 weekly from the median priced house in this suburb.

Kew is an average performer in VIC when comparing median price capital growth over the last year. Kew gave property investors a good capital gain figure when compared to the rest of the state, with 7.64%.

Over the longer term, Kew has seen property prices show investors a 15.00% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Kew should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.

At number 529 in a list of fastest selling suburbs, Kew is in the TOP 40% of suburbs in Australia with an average of days on market 66.25 for properties listed there.

Kew, 3101’s gross rental yield is 3.39%

Michael Yardney Information supplied by:

Michael Yardney
Metropole Property Strategists

M 9591 8888
O 0419 800 900

W http://www.metropole.com.au/
E myardney@metropole.com.au
Within 7.1 kms to Melbourne’s Central Business District, bordering Balwyn, Alphington, Fairfield, Abbotsford and Richmond, Kew is considered one of the most private, safe and green suburbs within the state of Victoria.

With plenty of private schooling options such as Xavier College, Trinity Grammar, Methodist Ladies College, Genzzano FCJ College and Carey Baptist Grammer; school the options are endless in securing a great education for your children. Full summary
Selling points: Within 7.1 kms to Melbourne’s Central Business District, bordering Balwyn, Alphington, Fairfield, Abbotsford and Richmond, Kew is considered one of the most private, safe and green suburbs within the state of Victoria.  
With plenty of private schooling options such as Xavier College, Trinity Grammar, Methodist Ladies College, Genzzano FCJ College and Carey Baptist Grammer; school the options are endless in securing a great education for your children. 
 
The majority or streets are tree lined, accompanied with remarkable family homes. 
 
Part of the City of Boroondara, Kew has a rich history of both indigenous and early European settlement. It offers many leisure and recreational facilities such as swimming centres, sports grounds and golf courses. 
 
Most sought after properties: Most popular homes vary from more recent executive architectural stylish homes to more traditional period residence. There is a smattering of apartments in the suburb that are always highly sought after.
 
Most common properties:  Mixture of charming Californian bungalows, Edwardians, Victorian and new architectural landmarks.
 
Top amenities: Public transport, private schooling, recreational facilities, arts and culture, community groups, centres and programs all add to the appeal and higher end entry level. 
 
Local industry and business: Shoppers and diners are spoiled for choice with a  wide range of cosmopolitan shops, cafes, restaurants, high quality fresh food outlets and service business.
 
Recent changes: Kew has undergone several changes in recent years to insure the historic and heritage rich suburb protecting the suburbs unique neighbourhood character with new residential zoning. 
 
Best streets: Some of the more prominent addresses in Kew are Florence Avenue, Belmont Avenue, Sylvan Court, Barrington Avenue just to name a few
 
Public transport: Kew has experienced sustainable transport planning improving both bus, train and tram for local commuters. 
 
Main arteries: High Street, Glenferrie Road, Princess Street, and Bakers Road
 
Close
Metrics i HOUSE UNIT
$2,217,500 $690,000
1.86% 0.00%
3.86% 7.64%
10.94% 6.15%
$720 $450
242 206
1.69% 3.39%
71.08 66.25

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Kew VIC
Demographics
Total population 23876
Median household income ($/weekly) 2022
Median age of persons 39
Median housing loan repayment ($/monthly) 2500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2690 11.3
    25-34 years 3154 13.2
    35-44 years 3168 13.3
    45-54 years 3435 14.4
    55-64 years 2865 12.0
    Others 8564 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 8504 48.7
    Not Married 7657 43.8
    Defacto Relationship 1307 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 16150 71.2
    Croatia 869 3.8
    Malta 419 1.8
    United Kingdom 900 4.0
    Other 877 3.9
    Others 3458 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 742 3.4
    Christianity 13223 61.2
    Hinduism 344 1.6
    Judaism 297 1.4
    No Religion 6674 30.9
    Others 321 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 851 11.4
    $2,000-$2,499 621 8.3
    $2,500-$2,999 1156 15.4
    $3,000-$3,499 678 9.0
    $4,000 or more 947 12.6
    Others 3241 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7508 40.0
    Not in the labour force 6273 33.4
    Employed, worked part-time 3875 20.6
    Employed, away from work 618 3.3
    Unemployed, looking for work 509 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 2127 17.7
    Professionals 4894 40.8
    Community & personal service workers 879 7.3
    Clerical & administrative workers 1542 12.9
    Sales 1072 8.9
    Others 1484 12.4
    Occupation
    Census Count Percent(%)
    Pre-school 412 6.3
    Infants/Primary 1743 26.7
    Secondary 1829 28.0
    Technical or Further Educational Institution 308 4.7
    University or other Tertiary Institutions 2024 31.0
    Others 207 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14951 69.4
    Flat, unit or apartment 3495 16.2
    Semi-detached, row or terrace house, townhouse 2994 13.9
    House or flat attached to a shop, office 85 0.4
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3402 40.9
    Rented 2443 29.4
    Being purchased 2404 28.9
    Other tenure type 60 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals