Investment property in Kew East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.68%
While Kew East,3102 ranked number 231th in VIC for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.
The most recent median price for Kew East is $1876000, with sellers offering an average of -9.76% off the asking price.
Advertised rents are around the $680 mark per week – giving a return of 1.88% based on the median price in Suburb
Kew East has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.80% to date .
Across a shorter period, Kew East, 3102 has seen a median price increase of 3.96% over the last quarter.
In the last year 33 properties changed hands in Kew East, which puts it as the 244th most active market in VIC when comparing the number of sales per suburb.
Kew East, 3102’s gross rental yield is 2.93%