Property value increases in Kew East have tracked lower than the VIC average of 8.62% over the last 12 months.
The five-year average increase in median property values for Kew East,3102 has given property investors a potential capital gain of 79.21% across each of those five years.
Property buyers and investors in Kew East 3102 should be seeing an average reduction in asking price of around -5.66% . This means that Kew East is holding prices well when compared to other suburbs in VIC.
Kew East, 3102’s gross rental yield is 2.09%
VIC has seen average median house prices change by 7.50% which means that Kew East, 3102 has done well for property investors by showing a capital gain of 35.27% over the last year
Over the longer term, Kew East has seen property prices show investors a 53.76% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Kew East is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC
Advertised rents are around the $455 mark per week – giving a return of 2.08% based on the median price in Suburb