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Kew

POSTAL CODE: VIC, 3101
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Property investors enjoyed capital gains of 0.27% over the last 12 months in KEW, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in KEW are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $1100 based on current median home prices for the suburb.

On average, rents on listings have reached the $1100 mark, reflecting a 2.04% increase in returns based on the current median price in KEW.

KEW, 3101 ranks 504th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 571st on the list of best yielding suburbs for rental properties in VIC, posting a 2.04% return.

Surburb overview

Kew is a suburb in the City of Boroondara, approximately 5 kilometres east of Melbourne's Central Business District.

According to the 2021 census, Kew has a population of 24,499 residents. The suburb covers an area of approximately 10.5 square kilometres.

Public transportation in Kew is well-developed, with tram routes and bus services connecting the suburb to Melbourne's CBD and neighbouring areas.

Kew offers a range of essential establishments, including shopping centres, medical facilities, and educational institutions. The suburb is known for its prestigious private schools, such as Xavier College and Methodist Ladies' College, and reputable public schools, like Kew High School.

Numerous parks and green spaces support recreational activities in Kew. Studley Park, with its Yarra River frontage, provides picnics, walking, and cycling opportunities.

Kew's combination of historical significance, educational institutions, and recreational facilities contributes to its distinctive character in Melbourne's inner-eastern suburbs.

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