St Kilda is in the TOP 20% in VIC when comparing median price capital growth over the last year. St Kilda gave property investors a very good capital gain figure when compared to the rest of the state, with 16.11%.
St Kilda,3182 has offered an average of 16.11% return per annum in house price rises to property investors over the last three years.
St Kilda3182 is located in VIC which offers an average discount of -6.04% to property investors. St Kilda itself is showing figures that indicate -1.68% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $515 mark per week – giving a return of 2.56% based on the median price in Suburb
VIC has seen average median house prices change by 3.19% which means that St Kilda, 3182 has done well for property investors by showing a capital gain of 0.55% over the last year
St Kilda,3182 has offered an average of 0.55% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.78% to buyers in St Kilda at the moment, which is less than average for the rest of VIC.
Residents and property investors in St Kilda have been waiting around 76.91 days to sell a property.
Situated 5.10km from the CBD, St Kilda is one of Port Phillip localities in the postcode 3182.
Next to Balaclava, St Kilda is a popular lifestyle suburb with strong historical capital growth rates that’s right on the bay, but also within 10km of Melbourne’s CBD. Apartments dominate the market, and WBP’s Sean Thomson suggests that it’s this section of the market that investors will want to target. Full summary
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Next to Balaclava, St Kilda is a popular lifestyle suburb with strong historical capital growth rates that’s right on the bay, but also within 10km of Melbourne’s CBD. Apartments dominate the market, and WBP’s Sean Thomson suggests that it’s this section of the market that investors will want to target.
“For an investor, with the way that lifestyles are changing in those areas, I’d suggest looking at one- or two-bedroom apartments and staying in boutique style blocks of six to 20 apartments and where the land value is quite substantial,” he says.
“Within those boutique blocks, look for something that is unique,” advises Thomson. “This could be the position within the block, the floor plan or the condition of the property.”
He adds that modern high rise apartments tend to be quite small, and that the body corporate fees in high rises can be quite high.
“There could be lifts, cleaning, swimming pools and services that as an investor you don’t need to be forking out for. The land component per unit is also small compared to a boutique development.”
He also suggests looking at the more picturesque St Kilda and St Kilda West, rather than heading inland to St Kilda East.
“St Kilda West backs up to Middle Park, and you’re in close proximity to Fitzroy Street – one of the main streets in St Kilda where a lot of cafés, restaurants and amenities are – and the Bay area,” he says. “It’s got the bay on one side, and parkland on the other. It’s a stunning location with easy access to the city by light rail.”