Suburb Profile Report for Kew East VIC (3102)

Kew East House: Median price $1,780,000, Annual capital growth 8.11%, Number of sales 58, Weekly median advertised rent $730

Kew East Unit: Median price $985,000, Annual capital growth 6.91%, Number of sales 18, Weekly median advertised rent $460

  • 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.

  • House Report
  • Unit Report

Investment property in Kew East has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.94%

Over the longer term, Kew East has seen property prices show investors a 3.73% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Kew East 3102 should be seeing an average reduction in asking price of around -7.15% . This means that Kew East is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $730 mark per week – giving a return of 2.13% based on the median price in Suburb

Property investors who have had real estate in Kew East, 3102 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.14%

The five-year average increase in median property values for Kew East,3102 has given property investors a potential capital gain of 22.67% across each of those five years.

On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.

Metrics i HOUSE UNIT
$1,780,000 $985,000
1.71% 7.15%
-4.94% 14.14%
8.11% 6.91%
$730 $460
58 18
2.13% 2.43%
62.2068965517241 64.4545454545455

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)
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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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