Kew VIC 3101: Property Market Report & Real Estate Insights

Part of Boroondara, VIC

Kew Real Estate Market Outlook

Thinking about buying in Kew? Now could not be a better time, with 14231 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,782,000 with prices in this suburb ranging from $47,000 to $36,671,000. Kew is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Kew

In Kew there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Kew is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Kew changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Kew 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 a better buying opportunity than it may have been in the past.

Instant Property Valuation

Kew, located in the Boroondara area of Victoria, is renowned for its leafy streets and period architecture, making it one of Melbourne's most desirable suburbs. The housing market in Kew is characterized by a mix of stately period homes, modern townhouses, and upscale apartments. Over recent years, property prices have steadily increased due to the suburb's prestigious reputation, high standard of living, and excellent amenities. Buyers and investors are attracted to Kew for its heritage homes and prime location, which offers easy access to the Melbourne CBD. The suburb's charm is enhanced by its lush parklands and proximity to the Yarra River, making it an appealing location for families and professionals.

Living in Kew offers a blend of tranquility and convenience. Residents benefit from excellent educational institutions, including some of Melbourne's top private and public schools, which contribute to the suburb's family-friendly atmosphere. The local community is vibrant, with diverse dining and shopping options available along High Street and in nearby precincts such as Kew Junction. The area is well-served by public transport, providing seamless connectivity to the rest of Melbourne. Kew's rich cultural and historical roots, combined with modern amenities and a strong sense of community, make it a highly sought-after place to live, attracting a diverse range of residents who value both heritage and contemporary lifestyles.

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