Suburb Profile Report for Kew East VIC (3102)

Kew East House: Median price $1,853,000, Annual capital growth 7.47%, Number of sales 62, Weekly median advertised rent $730

Kew East Unit: Median price $957,500, Annual capital growth 5.97%, Number of sales 32, Weekly median advertised rent $475

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Kew East has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.10% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kew East has increased when compared to the 5 year average annual rate.

Kew East3102 is located in VIC which offers an average discount of -6.34% to property investors. Kew East itself is showing figures that indicate -4.64% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Kew East the average time real estate has been on the market is 53.0588 days.

The VIC suburb of Kew East, 3102 is in the Boroondara (C) local government area.

If you compare the increase in value of investment property in Kew East, 3102 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.58%.

Over the longer term, Kew East has seen property prices show investors a 47.88% return over the last 3 years. This is worse than over the last 12 months

Often selling an investment property can take time, and in Kew East the average time real estate has been on the market is 45.6667 days.

Using the current median advertised rental of $475 and the average annual increase in value of a median property of 5.97%, investors should hope to achieve an overall return of 2.58%

Metrics i HOUSE UNIT
$1,853,000 $957,500
1.09% 2.27%
4.10% 13.58%
7.47% 5.97%
$730 $475
62 32
2.05% 2.58%
53.0588235294118 45.6666666666667

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6017
Median household income ($/weekly) 1811
Median age of persons 39
Median housing loan repayment ($/monthly) 2210
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 869 14.4
    25-34 years 629 10.5
    35-44 years 937 15.6
    45-54 years 918 15.3
    55-64 years 646 10.7
    Others 2018 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2363 52.8
    Not Married 1805 40.3
    Defacto Relationship 306 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4213 72.7
    Croatia 203 3.5
    Japan 157 2.7
    United Kingdom 165 2.8
    Other 197 3.4
    Others 860 14.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 168 3.0
    Christianity 3613 65.1
    Hinduism 101 1.8
    Islam 63 1.1
    No Religion 1515 27.3
    Others 89 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 230 12.1
    $2,000-$2,499 166 8.7
    $2,500-$2,999 236 12.4
    $3,000-$3,499 186 9.8
    $4,000 or more 181 9.5
    Others 905 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1825 39.5
    Not in the labour force 1474 31.9
    Employed, worked part-time 1028 22.3
    Employed, away from work 167 3.6
    Unemployed, looking for work 122 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 517 17.1
    Professionals 1133 37.5
    Community & personal service workers 258 8.5
    Clerical & administrative workers 425 14.1
    Sales 251 8.3
    Others 437 14.5
    Occupation
    Census Count Percent(%)
    Pre-school 140 8.0
    Infants/Primary 599 34.4
    Secondary 446 25.6
    Technical or Further Educational Institution 88 5.1
    University or other Tertiary Institutions 427 24.5
    Others 42 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4315 75.7
    Semi-detached, row or terrace house, townhouse 814 14.3
    Flat, unit or apartment 565 9.9
    House or flat attached to a shop, office 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 889 42.2
    Being purchased 680 32.3
    Rented 525 24.9
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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