Suburb Profile Report for Kew VIC (3101)

Kew House: Median price $2,242,500, Annual capital growth 11.05%, Number of sales 247, Weekly median advertised rent $730

Kew Unit: Median price $697,500, Annual capital growth 6.66%, Number of sales 212, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kew is an average performer in VIC when comparing median price capital growth over the last year. Kew gave property investors a average capital gain figure when compared to the rest of the state, with 10.09%.

If we look at median property appreciation over just the last three months, Kew has given property investors a paper return of 3.41%. This puts Suburb as 242 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Kew itself are offering an average vendor discount of -6.88% to real estate investors.

Often selling an investment property can take time, and in Kew the average time real estate has been on the market is 61.6 days.

Using the current median advertised rental of $730 and the average annual increase in value of a median property of 11.05%, investors should hope to achieve an overall return of 1.69%

Kew is in the TOP 30% 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 8.81%.

Taking the average capital gain, or increase in median house value, Kew,3101 has racked up an average of 8.81% over the period. This ranks it number 758th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kew, 3101. Typically our figures indicate that -5.71% is being offered, which puts this VIC suburb at 573th most discounted overall in Australia.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.35%, without taking into account capital value appreciation, which has been averaging out at 6.66%.

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
HOUSE UNIT
$2,242,500 $697,500
3.41% 4.34%
10.09% 8.81%
11.05% 6.66%
$730 $450
247 212
1.69% 3.35%
61.6 68.46

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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