Kew is a large, prestigious market with real depth in the family-house segment, driven by its cluster of sought-after schools. More than a hundred and twenty three-bedroom homes and over a hundred four-bedroom homes sold across the year, so the buyer pool is substantial.
That depth comes with selectivity. Three-bedroom houses near $1.688m are clearing at under six in ten, softer than the smaller two-bedroom homes, a sign there is plenty of stock and buyers can afford to compare. At the top, five-bedroom homes near $3.6m are sitting around eleven weeks with fewer than half selling under the hammer, while a well-priced apartment market gives downsizers a clear option.
With more choice building into spring, the demand in Kew is genuine but discerning. A price anchored to this year's real sales, and strong presentation, are what separate a home that sells from one that lingers among the options.
Median sale price for houses in Kew is $2,250,000, down 4.3% from last year.
Median sale price for units in Kew is $755,000, up 1.3% from last year.
Properties sold for houses in Kew is 337, down 6.1% from last year.
Properties sold for units in Kew is 151, down 25.2% from last year.
Auction clearance for houses in Kew is 61.1%, down 4.6% from last year.
Auction clearance for units in Kew is 70.8%, down 12.2% from last year.
Av days on market for houses in Kew is 46, up 17.9% from last year.
Av days on market for units in Kew is 38, down 29.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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