At number 867th in the list of Australian suburbs ordered by increase in median house value over the last year, St Kilda East, 3183 is in the top 30% with a property value increase of 10.87% recorded in median house prices.
Taking the average capital gain, or increase in median house value, St Kilda East,3183 has racked up an average of 10.87% over the period. This ranks it number 276th in the whole country for real estate investors looking at median house price increases.
A $610 per week rent on the median house gives suburb investors a gross yield of circa 2.25%, without taking into account capital value appreciation, which has been averaging out at 9.44%.
St Kilda East has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.32% to date .
If we look at median property appreciation over just the last three months, St Kilda East has given property investors a paper return of -0.97%. This puts Suburb as 250 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in St Kilda East 3183 should be seeing an average reduction in asking price of around -5.46% . This means that St Kilda East is holding prices well when compared to other suburbs in VIC.
At number 263 in a list of fastest selling suburbs, St Kilda East is in the TOP 20% of suburbs in Australia with an average of days on market 52.5 for properties listed there.
St Kilda East, 3183’s gross rental yield is 3.87%