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%