Kew East is the quieter, more tightly held enclave beside Kew, and it plays out almost entirely as a house market. Around three-quarters of homes are owner-occupied, and families settle here for the long term, so relatively little comes up for sale in any given year.
The three-bedroom home, near $1.8165m, is the liquid heart of the market, selling in about five weeks and clearing at close to seven in ten. The four-bedroom bracket near $2.37m is steadier, taking around eight weeks, and the largest homes trade in small numbers.
For owners of a well-kept family home the conditions are encouraging, with the entry three-bedroom segment moving at a good pace as confidence builds into spring. If you are selling a larger home, patience and a price built on genuine recent sales in these streets are what carry the campaign, given how few directly comparable homes trade here.
Median sale price for houses in Kew East is $2,057,500, up 2.2% from last year.
Median sale price for units in Kew East is $830,000, up 7.5% from last year.
Properties sold for houses in Kew East is 89, up 2.3% from last year.
Properties sold for units in Kew East is 29, up 16.0% from last year.
Auction clearance for houses in Kew East is 61.0%, down 18.6% from last year.
Auction clearance for units in Kew East is 68.2%, up 2.3% from last year.
Av days on market for houses in Kew East is 53, up 15.2% from last year.
Av days on market for units in Kew East is 65, up 150.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Camberwell's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
