Suburb Profile Report for Kew VIC (3101)

Kew House: Median price $1,897,500, Annual capital growth 6.60%, Number of sales 241, Weekly median advertised rent $850

Kew Unit: Median price $770,000, Annual capital growth 4.69%, Number of sales 115, Weekly median advertised rent $480

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -17.50% for the last year, Kew, 3101 is the 3866th highest performer in Australia in this respect.

Kew,3101 was ranked 2312 in Australia by increase in median property value over the quarter.

Property buyers and investors in Kew 3101 should be seeing an average reduction in asking price of around -8.95% . This means that Kew is holding prices well when compared to other suburbs in VIC.

A $850 per week rent on the median house gives suburb investors a gross yield of circa 2.33%, without taking into account capital value appreciation, which has been averaging out at 6.60%.

Giving property investors a a solid capital gain of 6.57% for the last year, Kew, 3101 is the 281th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Kew,3101 has racked up an average of 6.57% over the period. This ranks it number 576th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Kew is $770000, with sellers offering an average of -8.11% off the asking price.

Renters in Suburb are facing rents around $24960 per annum or $480 every week.

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
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
 
Metrics i HOUSE UNIT
$1,897,500 $770,000
-0.65% 2.67%
-17.50% 6.57%
6.60% 4.69%
$850 $480
241 115
2.33% 3.24%
67.2682926829268 73.6666666666667

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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
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