Suburb Profile Report for St Kilda VIC (3182)

St Kilda House: Median price $1,248,000, Annual capital growth 8.35%, Number of sales 57, Weekly median advertised rent $515

St Kilda Unit: Median price $518,250, Annual capital growth 5.13%, Number of sales 424, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in St Kilda, 3182 have given investors a capital gain of 33.40%. This compares very favourably with the 8.12% for VIC as a whole.

While St Kilda,3182 ranked number 2nd in VIC for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.

St Kilda3182 is located in VIC which offers an average discount of -6.00% to property investors. St Kilda itself is showing figures that indicate -1.21% is the average achievable by property buyers investing in the suburb.

In the last year 57 properties changed hands in St Kilda, which puts it as the 396th most active market in VIC when comparing the number of sales per suburb.

A $515 per week rent on the median house gives suburb investors a gross yield of circa 2.15%, without taking into account capital value appreciation, which has been averaging out at 8.35%.

St Kilda, 3182 ranked 263th in VIC when comparing growth in median property values or capital gain over the last 12 months. St Kilda is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, St Kilda comes in at number 254th in VIC.

LACK OF BUYER INTEREST may well be the reason that St Kilda is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in VIC

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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. Full summary

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.”

Close
Metrics i HOUSE UNIT
$1,248,000 $518,250
24.55% -0.34%
33.40% -1.29%
8.35% 5.13%
$515 $400
57 424
2.15% 4.01%
68.57 80.98

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in St Kilda VIC
Demographics
Total population 17796
Median household income ($/weekly) 1461
Median age of persons 33
Median housing loan repayment ($/monthly) 2121
Average household size 1.7
  • Census Count Percent(%)
    20-24 years 1702 9.6
    25-34 years 6295 35.4
    35-44 years 3199 18.0
    45-54 years 2182 12.3
    55-64 years 1477 8.3
    Others 2940 16.5
    Age Group
    Census Count Percent(%)
    Not Married 7774 57.1
    Defacto Relationship 3023 22.2
    Registered Married 2819 20.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 9959 62.6
    Italy 470 3.0
    Papua New Guinea 772 4.9
    United Kingdom 1208 7.6
    Other 1237 7.8
    Others 2259 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 385 2.6
    Christianity 6781 45.1
    Hinduism 376 2.5
    Judaism 546 3.6
    No Religion 6577 43.8
    Others 360 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 748 9.3
    $1,250-$1,499 665 8.3
    $1,500-$1,999 1053 13.2
    $2,000-$2,499 723 9.0
    $2,500-$2,999 1028 12.8
    Others 3789 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8390 56.5
    Not in the labour force 2927 19.7
    Employed, worked part-time 2467 16.6
    Unemployed, looking for work 594 4.0
    Employed, away from work 464 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1765 15.6
    Professionals 4223 37.3
    Technicians & trades workers 1096 9.7
    Community & personal service workers 993 8.8
    Clerical & administrative workers 1504 13.3
    Others 1741 15.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 409 15.4
    Secondary 288 10.9
    Technical or Further Educational Institution 398 15.0
    University or other Tertiary Institutions 1234 46.5
    Other type of educational institution 214 8.1
    Others 109 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 10746 71.4
    Separate house 2204 14.6
    Semi-detached, row or terrace house, townhouse 1984 13.2
    House or flat attached to a shop, office 118 0.8
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 5441 63.9
    Being purchased 1914 22.5
    Fully owned 1119 13.1
    Other tenure type 38 0.4
    Tenure Type
Census 2011, ABS
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