All About Kew East, Boroondara, VIC, 3102

Kew East, a suburb in the Boroondara area of Victoria, is a well-regarded locale within Melbourne's eastern suburbs, offering a robust housing market typified by a combination of post-war homes, contemporary townhouses, and increasingly sought-after family residences. As of recent years, the property market in Kew East has shown resilience and steady growth, reflective of the broader trends seen across Melbourne's prestigious inner-east. Factors contributing to this sustained demand include its proximity to the Melbourne central business district, about 8 kilometers away, and its highly regarded educational institutions, including Kew East Primary School and access to some of Melbourne's elite private schools. Additionally, the suburb's leafy streets, parks, and garden-rich setting, such as Hays Paddock and Stradbroke Park, add desirability for families and professionals seeking a balance of city convenience and suburban tranquility. While median house prices in Kew East can be higher than in some surrounding areas, buyers are often willing to invest in the stability and lifestyle benefits offered by this prestigious postcode.

Living in Kew East offers residents a peaceful suburban lifestyle with easy access to urban amenities and natural landscapes. The suburb boasts a welcoming community atmosphere underscored by a diversity of local cafes, boutique shops, and essential services that cater to everyday needs while fostering a tight-knit neighborhood spirit. Culminating in an appealing blend of serene residential settings and vibrant community interactions, Kew East is particularly attractive for those who value both privacy and participation in communal activities. Transport links are convenient, with nearby tram and bus services facilitating easy commutes into the city or across Melbourne. Residents can enjoy a variety of recreational opportunities, from cycling along the scenic Yarra River Trail to golfing at the Kew Golf Club. With its blend of natural beauty, educational opportunities, and convenient living, Kew East stands out as a coveted spot for those looking to plant roots in Melbourne's east.

Kew East Real Estate Market Outlook

Thinking about buying in Kew East? Now could not be a better time, with 3488 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,384,000 with prices in this suburb ranging from $518,000 to $14,200,000. Kew East is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Kew East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Kew East provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Kew East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Kew East we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Kew East a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!