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Kew East

POSTAL CODE: VIC, 3102
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A steady increase in median property prices over a five-year period in the suburb translates to a 5.99% capital gain.

Property investors in KEW EAST enjoyed capital gains of 3.72% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,300,000.

Profits due to an upward trend in home prices there averaged 2% per annum over a 3-year period.

Home owners selling their properties and realtors in KEW EAST usually have to wait an average of 66.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $900 mark, reflecting a 2.03% increase in returns based on the current median price in KEW EAST.

KEW EAST, 3102 places 107th in Australia based on median property value growth during the quarter.

Surburb overview

Kew East is a suburb in the City of Boroondara, approximately 8 kilometres east of Melbourne's Central Business District.

According to the 2021 census, Kew East has 6,620, with a median age of 41. The suburb covers an area of approximately 4 square kilometres.

Public transportation in Kew East includes tram route 48 along High Street, providing access to Melbourne's CBD and neighbouring areas. Additionally, several bus routes service the suburb, enhancing connectivity.

Kew East offers a range of essential establishments, including shopping areas such as "Harp Village" on High Street and the Belford Court Shopping Centre on Belford Road. The suburb is also home to educational institutions like Kew High School and Kew East Primary School.

Numerous parks and green spaces, including Hays Paddock, Willsmere-Chandler Park, and the Kew Golf Club, support recreational activities in Kew East. These facilities provide residents with opportunities for outdoor activities and community engagement.

Kew East's combination of residential amenities, educational institutions, and recreational facilities contributes to its distinctive character within Melbourne's eastern suburbs.

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