Although most locals already know how marvellous Kew is as a place to live, in this buyers agent suburb feature of Kew Melbourne we thought we would dig a bit deeper to show our buyers the finer details of the suburb from an investment standpoint.
Kew is located in the highly sought after inner eastern suburbs of Melbourne, approximately 6 km east of the CBD. This historic blue chip suburb has a mixture of wide tree-lined streets with mansions on quarter acre blocks, single fronted character homes on small blocks as well as units and new medium-rise apartment blocks on the main arterial roads. This highly sought after location is home to some of Melbourne’s most well-known exclusive private schools, specialty shops and popular restaurants all within easy access to the city via tram and the eastern freeway.
|Property data for Kew||Houses||Units|
|Median house price||$2,178,500 (Jan 2017)||$690,000 (Jan 2017)|
|Price per square metre||$3,460|
|Annual capital growth||6.95%||7.81%|
|Average annual growth||10.52%||6.55%|
|Capital growth since 2012 (5 years)||63%||0.85%|
|Median advertised rent||$750 (weekly)||$450 (weekly)|
|Gross rental yield||1.79%||3.39%|
|Demographics of Kew|
|Municipality||City of Boroondara|
|Total Population||23, 876 (as at the last census in 2011)|
|Median household income||$2,022 (weekly)|
|Median housing loan repayment||$2,500 (monthly)|
|Average household size||2.6 (people)|
|Dominant country of birth||Australia|
|Percentage that work||64%|
|Dominant occupation||18% Managers|
|Household income||38% earning above $2,500 (weekly)|
|Dominant dwelling type||70% separate house|
|Property buying information for Kew|
|Most expensive pocket/s:||Studley Park Precinct, bordered by Princess Street, Yarra Boulevard/Raheen Drive, Wills Street and Studley Park Road Sackville Ward, bordered by Cotham Road, Barkers Road, Burke Road and Glenferrie Road|
|Most affordable pocket/s:||Bordered by High Street, Earl Street/Asquith Street, Belford Road and Princess Street|
|Transport||High Street Tram #4, Cotham Road Tram #109, Glenferrie Road Tram #16, Bus stops on Princess Street, High Street, Studley Park Road|
|Popular Speciality shops||Leo’s Fine Food & Wine (known for their premium quality produce), Toscano’s of Kew (finest fruit & vegetable retailer)
|Popular Private Schools||Carey Baptist Grammar School, Methodist Ladies College, Xavier College, Trinity Grammar School, Ruyton Girls School, Genazzano FCJ College|
|Popular Restaurants||Hellenic Republic, Q.P.O Café, Bar, Restaurant, Mister Bianco, Charcoal Grill on The Hill|
|Popular Attractions||Studley Park Boathouse, Golf Course, walking tracks, bike, tracks & picnic areas, Alexandra Gardens.|
In this buyers agent suburb feature, we analyse the suburb of Kew in Melbourne’s east which is very popular for families with kids attending one of the nearby exclusive private schools, for older couples that have been established in the area for a while, and with young professional couples looking to get into a blue chip location within close proximity to Melbourne CBD.
We know the intricate details of Kew as well as most of the suburbs in Melbourne’s inner east to ensure we buy the best property for our clients at the best price. The above is just a brief insight in to how thorough we are with our property research which in turn assists our clients to make the right decision with their next purchase. You see the more information we have, the better our buying strategy will be. This ensures our client’s needs are always met and their expectations are always exceeded.
At Luxton Property Group we specialise in purchasing property for investors and premium homebuyers. You might just be starting out in the property market or be a seasoned property investor looking for an edge. The above is just a small glimpse in to what we do and how we use our local market knowledge to buy our clients the best property. We have been buying property for over a decade and have a superior buying service at a more affordable price. Request a call today to speak to one of our property buying experts for a no obligation discussion on how we can assist you with your next purchase.