Property investors who have had real estate in Kew East, 3102 should be relatively unhappy 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 1.94%
If we look at median property appreciation over just the last three months, Kew East has given property investors a paper return of -2.02%. This puts Suburb as 622 on a list of fastest fasting appreciating suburbs in VIC
At number 558th of VIC’s most discounted properties, Kew East is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Using the current median advertised rental of $757.5 and the average annual increase in value of a median property of 7.18%, investors should hope to achieve an overall return of 2.14%
A 79.60% growth in median value for property investors in Kew East,3102 puts this suburb at number 296th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Kew East is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in VIC
At number 163 in a list of fastest selling suburbs, Kew East is in the TOP 20% of suburbs in Australia with an average of days on market 41.1 for properties listed there.