kew

3101, Victoria

Real Estate & Property Information

Median
Price Rank
9

kew Suburb Profile & Review

Kew 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 Demographic Data

$ 1,530,000 Median House Price

15 Minutes Average Commute

39 Median Age

23,876 Population

52.19 % Female

47.81 % Male

5923 NO OF FAMILIES

1.9 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, Victoria.

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kew 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 Median House Prices

  • 2008 $ 1,280,000
  • 2009 $ 1,200,000
  • 2010 $ 1,420,000
  • 2011 $ 1,625,000
  • 2012 $ 1,530,000

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 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 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 property price predictions.

kew Market Property Types

  • 60 % Seperate House
  • 16 % Semi Detached
  • 23 % Flat or Unit
  • 1 % 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 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 Income & Mortgage Stats

  • $ 2,022 Median Weekly Household Income
  • $ 2,500 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

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 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 Sold Property Prices

kew 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 Restaurants

  • Studley Park Boathouse1 Boathouse Roadkew VIC 310103 9853 1828
  • Strictly Thai170 High St kew VIC 310103 9853 0723
  • Skinny Dog Hotel155 High St kew VIC 310103 9853 8023

kew Cafes

  • Cafe Bacino1335 Burke Rdkew VIC 310103 9817 6633
  • fat penguin713 High Stkew VIC 310103 9859 3252
  • The Quartermaster's Store68 Edgevale Rdkew VIC 310104 2572 0229

kew Schools

  • Genazzano FCJ College301 Cotham Roadkew VIC 3101(03) 8862 1000Private School
  • Xavier College Burke HallStudley Park Roadkew VIC 3101(03) 9855 4100Private School
  • Xavier College Senior CampusBarkers Roadkew VIC 3101(03) 9854 5411Private School

kew Childcare

  • Argyle Road Child Care Centre14 Argyle Roadkew VIC 3101
  • Belford Oaks Comm Childrens Ctr3 Belford Roadkew VIC 3101
  • Malin Friends305 Barkers Roadkew VIC 3101

kew Kindergarten and Preschools

  • Carey Baptist Grammar School24 Wrixon Stkew VIC 3101
  • Davis Street Kindergarten40 Davis Streetkew VIC 3101
  • J.J. McMahon Memorial Kinder16A Argyle Roadkew VIC 3101

kew Sporting Centres and Clubs

  • Stradbroke Parkkew VIC 3101Athletics Club
  • Little Athletics Centres, Stradbroke Parkkew VIC 3101Athletics Club
  • Kew Heightskew VIC 3101Bowling Club

kew Retirement Villages

  • Gracecourtkew VIC 3101
  • Rylands of Kewkew VIC 3101
  • Sackville Grangekew VIC 3101

Find out How Much your House is Worth in kew

Request a free market Basic Report for kew 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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