Kew East is a mid-sized suburb in Victoria within the Boroondara local government area (postcode 3102). With a population of 6,620, the suburb has an established demographic with a median age of 41. Households earn a median income of $129K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kew East is $2.2 million, having grown strongly 7.8% over the past year. Units have a median price of $1.0 million (-14.5% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,000.
Kew East is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 1 rail station, 41 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Kew East offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.2M/$875K), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved +7.8% year-on-year.
Kew East is a mid-sized suburb in Victoria within the Boroondara local government area (postcode 3102). With a population of 6,620, the suburb has an established demographic with a median age of 41. Households earn a median income of $129K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kew East is $2.2 million, having grown strongly 7.8% over the past year. Units have a median price of $1.0 million (-14.5% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,000.
Kew East is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 1 rail station, 41 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Kew East offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.2M/$875K), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved +7.8% year-on-year.