Question 1

Is Kew East a nice place to live?

Accepted Answer

Kew East is an inner-eastern Melbourne suburb with leafy, established streets and a close relationship to the Yarra River parklands, which provide walking and cycling trails and riverside green space. The housing mix leans toward period weatherboard and brick homes on generous blocks, with sympathetic renovations and contemporary infill, so the streets feel residential and settled. Day-to-day life centres on small shopping strips and local cafes, with schools, parks and straightforward road and public transport links into the city attracting families and professionals.

Kew East is home to 6,620 people, with a median age of 41. The median total household income is $2,490 a week, roughly $129,480 a year.

Households are strongly family-oriented. There are 956 couple families with children (52.9%), 565 couple families without children (31.3%), 264 one-parent families (14.6%) and 22 other families (1.2%). Together, the two couple-family groups account for 84.2% of families.

Homes in Kew East are predominantly owner-occupied: 41.9% are owned outright and 34.0% are owned with a mortgage, a combined owner-occupied share of 75.9% (about three in four households). Renters make up 24.0% of homes.

Question 2

Is it expensive to live in Kew East?

Accepted Answer

At $1,883,000 the median house price in Kew East works out to about 14.5 times a typical local household's annual income at the last Census. Using the Census weekly household income of $2,490 (about $129,480 a year), buying a house here sits well above what people locally earned at the last Census.

On the renting side, a house rent of $900 a week would take about 36.1% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $590 a week would take about 23.7%, a moderate share. If you're renting rather than buying, those rent shares are the figures that matter most when judging cost.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Kew East a good place to invest?

Accepted Answer

The clearest pattern over the past 12 months is that units have outperformed houses in Kew East. Unit values rose 7.5%, a solid increase, while unit rents rose 3.0%, a modest rise. By comparison, house values were up 2.2%, a modest rise, and house rents edged up 1.7%, a slight increase.

For someone weighing Kew East as an investment, the value figures speak to capital growth and the rent figures to rental income. The unit side delivered the stronger movement on both counts this year, so which metric matters most will depend on whether you prioritise income or capital gains.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.88M	N/A
Change in value Past 12 months	2.2%	7.5%
Sold Past 3 months	23	5
Median days on market Past 12 months	53	65
Average rent Past 12 months	$900	$590
Change in rent Past 12 months	1.7%	3.0%

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