Suburb Profile Report for Kew East VIC (3102)

Kew East House: Median price $1,863,750, Annual capital growth 7.24%, Number of sales 83, Weekly median advertised rent $750

Kew East Unit: Median price $1,136,250, Annual capital growth 9.27%, Number of sales 27, Weekly median advertised rent $455

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

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

Metrics i HOUSE UNIT
$1,863,750 $1,136,250
-2.04% 1.22%
-0.86% 35.27%
7.24% 9.27%
$750 $455
83 27
2.09% 2.08%
63.4 38.5

Source: CoreLogic

DSR Score for property investment : Good (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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