Kew is a large suburb in Victoria within the Boroondara local government area (postcode 3101). With a population of 24,499, the suburb has an established demographic with a median age of 41. Households earn a median income of $130K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kew is $2.8 million, having declined 3.6% over the past year. Units have a median price of $825,000 (-0.4% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,000.
Kew is served by 11 schools, including 3 primary, 7 combined, 1 special. The average ICSEA score is 1160, which is well above the national average of 1,000. Public transport access includes 117 bus stops. Healthcare facilities include 3 public and 1 private hospitals. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Kew offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.8M/$875K), placing it in the premium segment. The price-to-income ratio of 21.6x is considered stretched. House prices have moved -3.6% year-on-year.
Kew is a large suburb in Victoria within the Boroondara local government area (postcode 3101). With a population of 24,499, the suburb has an established demographic with a median age of 41. Households earn a median income of $130K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kew is $2.8 million, having declined 3.6% over the past year. Units have a median price of $825,000 (-0.4% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,000.
Kew is served by 11 schools, including 3 primary, 7 combined, 1 special. The average ICSEA score is 1160, which is well above the national average of 1,000. Public transport access includes 117 bus stops. Healthcare facilities include 3 public and 1 private hospitals. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Kew offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.8M/$875K), placing it in the premium segment. The price-to-income ratio of 21.6x is considered stretched. House prices have moved -3.6% year-on-year.