kew east

3102, Victoria

Real Estate & Property Information

Median
Price Rank
34

kew east Suburb Profile & Review

Kew East can be found in Melbourne's east between Hawthorn and Balwyn. A haven for the well-to-do, the suburb is comprised of striking Victorian and Edwardian homes, townhouses and apartment buildings. Block sizes are considerably larger than they are in other inner city suburbs, and as a result families enjoy extra leisure space. Community areas are also expansive. Yarra Bend Park on the western edge of Kew is home to Yarra Bend and Studley Park golf course, two historic boathouses, cycling and walking trails. Boating, swimming, fishing, picnicking, bird watching and bushwalking are all popular activities here.

Kew Junction Shopping Centre is a busy cluster of 437 fashion retailers, cafes, hairdressers and healthcare professionals on High Street and Cotham Road. Dining ranges from alfresco at QPO Restaurant Bar to intimate and elegant at Centonove. Four tram routes pass through this area on their way to outer eastern suburbs, while Hawthorn Station and Glenferrie Station are both less than ten minutes away by car. Those driving can reach the city centre in twenty minutes via the Burnley Tunnel.

Seven schools in the suburb are elite private schools. These include Carey Baptist Grammar School, Trinity Grammar School and Xavier College. State schools Kew High School and Balwyn High School are also known for their high VCE results.

kew east Demographic Data

$ 1,071,000 Median House Price

18 Minutes Average Commute

39 Median Age

6,017 Population

51.64 % Female

48.36 % Male

1603 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in kew east, Victoria.

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kew east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

kew east Median House Prices

  • 2008 $ 932,750
  • 2009 $ 870,000
  • 2010 $ 930,944
  • 2011 $ 1,139,500
  • 2012 $ 1,071,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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kew east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in kew east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term kew east property price predictions.

kew east Market Property Types

  • 69 % Seperate House
  • 18 % Semi Detached
  • 14 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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kew east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

kew east Income & Mortgage Stats

  • $ 1,811 Median Weekly Household Income
  • $ 2,210 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in kew east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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kew east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

kew east Sold Property Prices

kew east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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kew east Restaurants

  • Yiannis Tavern840 High Streetkew east VIC 310203 9859 2422
  • Di Palma's684-688 High Streetkew east VIC 310203 9859 8999

kew east Schools

  • St. Annes Primary School7-19 Beresford Streetkew east VIC 3102(03) 9859 4116Catholic Primary School
  • Kew East Primary SchoolKitchener Streetkew east VIC 3102(03) 9859 2903State Primary School

kew east Childcare

  • Kew Kids Early Learning CentreWoodlands Avenuekew east VIC 3102

kew east Kindergarten and Preschools

  • Glass Street Kindergarten Assoc16A Glass Streetkew east VIC 3102

kew east Sporting Centres and Clubs

  • Green Acreskew east VIC 3102Golf Course
  • Kewkew east VIC 3102Golf Course

Find out How Much your House is Worth in kew east

Request a free market Basic Report for kew east to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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