Suburb Profile Report for St Kilda East VIC (3183)

St Kilda East House: Median price $1,513,000, Annual capital growth 10.01%, Number of sales 98, Weekly median advertised rent $610

St Kilda East Unit: Median price $500,000, Annual capital growth 5.13%, Number of sales 458, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in St Kilda East, 3183 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.07%.

St Kilda East,3183 has offered an average of 8.07% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $7320 per annum or $610 every week.

St Kilda East is in the bottom 20% in VIC when comparing median price capital growth over the last year. St Kilda East gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.89%.

Taking the average capital gain, or increase in median house value, St Kilda East,3183 has racked up an average of -6.89% over the period. This ranks it number 1327th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in St Kilda East is giving property investors an average Vendor Discount of around -5.18%. This puts suburb at number 144th in VIC when ranking the most discounted suburbs.

In the last year 458 properties changed hands in St Kilda East, which puts it as the 4th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in St Kilda East being $500000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.95%

Metrics i HOUSE UNIT
$1,513,000 $500,000
6.10% -2.91%
8.07% -6.89%
10.01% 5.13%
$610 $380
98 458
2.10% 3.95%
N/A 48.63

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 12574
Median household income ($/weekly) 1460
Median age of persons 32
Median housing loan repayment ($/monthly) 2039
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 1145 9.1
    25-34 years 3476 27.6
    35-44 years 2106 16.7
    45-54 years 1322 10.5
    55-64 years 1014 8.1
    Others 3512 27.9
    Age Group
    Census Count Percent(%)
    Not Married 4803 51.4
    Registered Married 3127 33.4
    Defacto Relationship 1422 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7649 65.1
    Indonesia 397 3.4
    Papua New Guinea 342 2.9
    United Kingdom 513 4.4
    Other 1153 9.8
    Others 1697 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 234 2.1
    Christianity 3454 31.0
    Hinduism 331 3.0
    Judaism 3509 31.5
    No Religion 3460 31.1
    Others 150 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 460 9.5
    $1,250-$1,499 444 9.2
    $1,500-$1,999 678 14.0
    $2,000-$2,499 401 8.3
    $2,500-$2,999 599 12.3
    Others 2270 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4734 47.9
    Not in the labour force 2474 25.0
    Employed, worked part-time 1946 19.7
    Employed, away from work 398 4.0
    Unemployed, looking for work 330 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 1067 15.1
    Professionals 2751 38.9
    Community & personal service workers 615 8.7
    Clerical & administrative workers 989 14.0
    Sales 572 8.1
    Others 1085 15.3
    Occupation
    Census Count Percent(%)
    Pre-school 249 8.5
    Infants/Primary 748 25.6
    Secondary 598 20.5
    Technical or Further Educational Institution 253 8.7
    University or other Tertiary Institutions 867 29.7
    Others 205 7.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 6100 53.3
    Separate house 3917 34.2
    Semi-detached, row or terrace house, townhouse 1425 12.5
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2772 52.8
    Being purchased 1380 26.3
    Fully owned 1077 20.5
    Other tenure type 22 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals