10/1245 Burke Road, Kew VIC 3101
10/1245 Burke Road, Kew VIC 3101
Modern secure complex | Central Kew walk-score | Rare dual-aspect 2BR | Strong rental demand | Ideal for owner-occupier or investor
This apartment sits inside a well-managed Kew complex where comparable two-bedroom units have shown steady capital growth and short selling periods. The dual-aspect layout and two bathrooms give it an edge over standard one-bathroom offerings in the same price tier, making it more attractive to downsizers and professionals who prioritise convenience and low-maintenance living. For an owner-occupier, the location near Deepdene Primary and Kew High adds long-term resale appeal. The building’s fibre connection and solid mobile coverage are supporting benefits, not primary drivers.
The main risk is pricing against recent comparable sales: unit 11 sold at $720,000 after a 31-day campaign, and unit 5 achieved $780,000. A buyer should anchor expectations toward the lower end of the $720kโ$750k range, as the building’s 58% site coverage and shared lot may limit future capital growth compared to freestanding homes. No floor plan or owner history is available for unit 10, so a building and pest inspection is essential before committing. Hold this property as a long-term base or stable rental, with refinancing optional after three to five years of equity growth.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Kew is a high-income suburb with a premium housing market, primarily attracting families and professionals drawn by its strong school catchments and established amenities. Recent market conditions show a divergence, with house prices experiencing a slight softening while the unit segment demonstrates resilience and growth. Future demand is underpinned by sustained demographic appeal and limited supply, though the market remains sensitive to broader economic factors like interest rates.