Kew, perhaps one of the brightest jewels in Boorondara’s crown, has long been known as the home to some of the wealthiest and reputable figures of Melbourne. If there is one word to describe Kew, ‘impressive’ may be it. Leafy, overhanging trees line its streets which are teeming with striking art deco mansions. Located less than 10km from Melbourne’s CBD , full of diverse housing options, plentiful parks, excellent public transport, and some of the best schools that Victoria has to offer, its reputation as one of Melbourne’s most sought after suburbs certainly does not precede it. If you’re in the market and can afford the price of a home which a high profile suburb commands, here is why we think you should consider Kew.
Why move to Kew?
Kew is located only seven kilometres east of Melbourne’s CBD and it has a bevy of attractive features- stunning homes, a plethora of parks (including off leash dog areas) , golf courses and importantly, it has easy freeway access.
Local agent, Campbell Ward, says that of its many positive attributes, the local schooling is second to none, and it is for this reason that many of his home buyers are families. For physically active home buyers, Kew is very green and bike friendly with many tracks around the wider parts of Barkers Rd. There are plenty of public transport options with the area being serviced by multiple trams and bus routes which provide transport to the CBD, to Kew’s many schools and to the main shopping precincts along High St and Willsmere Road.
As at January 2015, the median house price for Kew is $1, 720, 000 and the median unit price is $623, 750. This is slightly higher than 12 months ago, where the median house price was $1,687,500, and the median unit price was $584,850. The average monthly loan repayment at present is $2, 500 and the average figure for a rental property per week is $385*
Local agent, Glen Coutinho, says that the majority of his clients are families who are attracted to its family- orientated, lively neighbourhood, and proximity to good schools and close distance to Melbourne CBD.
Did you know? Kew was home to the late former Australian Prime Minister, Gough Whitlam.
Coutinho explains that “families from all over Melbourne send their children to private schools here such as Xavier College and Methodist Ladies’ College”. Conversely, there are also a proportion of residents within the +65 year age bracket, who find the established, safe neighbourhood appealing. “Kew is a popular suburb for a reason- it caters to many home buyers in search of location, community, schooling and culture”, he says.
Feeling inspired to research further? Go straight to Kew’s experts by clicking below to find a local agent.