Suburb Profile Report for St Kilda West VIC (3182)

St Kilda West House: Median price $2,510,000, Annual capital growth 4.71%, Number of sales 14, Weekly median advertised rent $1,000

St Kilda West Unit: Median price $600,000, Annual capital growth 5.08%, Number of sales 53, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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St Kilda West is in the TOP 10% in VIC when comparing median price capital growth over the last year. St Kilda West gave property investors a very good capital gain figure when compared to the rest of the state, with 40.62%.

St Kilda West,3182 has offered an average of 40.62% return per annum in house price rises to property investors over the last three years.

St Kilda West is 603th on a list of best yielding suburbs for rents in VIC with a 2.07% return

Property investors who have had real estate in St Kilda West, 3182 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.42%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Kilda West has increased when compared to the 5 year average annual rate.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in St Kilda West itself are offering an average vendor discount of -6.77% to real estate investors.

Residents and property investors in St Kilda West have been waiting around 73.4348 days to sell a property.

St Kilda West is 228th on a list of best yielding suburbs for rents in VIC with a 3.73% return

Tonia Walsh Information supplied by:

Tonia Walsh
Cayzer Real Estate

M +61 3 9699 5999
O +61 406 788 877

E [email protected]

A suburb that’s been seeing significant growth since the GFC, St Kilda West occupies a relatively small area north of Fitzroy Street, and is sandwiched between Middle Park and the main St Kilda suburb.

Its location provides easy access to the entertainment hub of St Kilda – Fitzroy Street, cafe central Acland Street, St Kilda pier, the esplanade area and Luna Park – and as such attracts an affluent, cosmopolitan type of resident, as well as the beach and Albert Park.

It’s performed well in recent years, escaping the worst of the GFC. Admittedly, St Kilda West has been the premium end of St Kilda for many years, and largely escaped the problems that beset the main part of St Kilda as a result of post-war redevelopment. It also has a lower concentration of 1950s and 1960s apartments compared to its more famous neighbour, and like nearby suburbs still retains a Victorian character – which only adds to the desirability. Dannie Corr, director of Professionals Whiting & Co in St Kilda, calls it ‘a nice little nook’.

“There are some very nice leafy streets”, he says, “and you're not far from the beach wherever you are in the suburb.”

One trend that's been noticed in the area – which may be of interest for investors and developers alike – is an increase in downsizers, though.

“We’re seeing people selling out of the more expensive suburbs further down the bay, such as Brighton and Blackrock. Typically, they’re downsizing because the children have moved out, but they still want to stay bayside. They also want properties that have less maintenance requirements – ‘lock up and leave’ – so we’re finding that townhouses and apartments are popular. “Ten years ago, these people looking to buy wouldn't have considered an apartment, but now it’s what they’re looking for.”

Selling points: 

Infrastructure, transport parks & gardens and tree lined streets, Middle is located on a flat plane.
Most sought after properties: 
$1.5m- $2.5m - 3 bedroom, 2 bathroom properties with 6 principal rooms. Double-fronted period homes create high interest. Apartments along Beaconsfield Parade and Park Street offer good investment options and give those wishing to live in Port Phillip the ability and affordable step into the district.
Most common properties:  
Edwardian homes and Victorian homes, some of the most stunning properties in Melbourne are to be found in this pocket of tree-lined avenues. Apartments from art-deco thru to 70s smaller solid brick developments are also available in small numbers.
Top amenities: 
Walking distance to Fitzroy Street and vibrant cafes, restaurants bars and shopping. Light rail, tram and buses make Fitzroy Street the transport hub for the city and southern suburbs. The St Kilda West Bathers Pavilion is the perfect place to spend lazy summer days on the deck, watching the kite surfers that have made St Kilda West Beach their home.
Local industry and business:
St Kilda brings many tourists therefore full of great shopping, budget eating places, through to award winning restaurants such as Circa, music venues including the legendary Espy and the famous Luna Park for small and big kids alike.
Recent changes: 
Port Phillip is creating a new suburb with school and amenities called “Montague”. Beautification of streets; a light rail has replaced the 2nd oldest train line in Victoria (1857. The first train line was to Port Melbourne, the second to St Kilda, stopping at Armstrong Street)
Best streets: 
Canterbury Road, Beaconsfield Parade, Park Road, York Street. Park Street offers low-rise apartments and flats one block back from the strand. Canterbury Road offers homes of grand proportions.
Public transport: 
Light rail, buses, trams and cycling lanes
Main arteries: 
Beaconsfield Parade, Canterbury Road, Fitzroy Street
Metrics i HOUSE UNIT
$2,510,000 $600,000
3.72% 12.68%
40.62% 17.42%
4.71% 5.08%
$1,000 $430
14 53
2.07% 3.73%
N/A 73.4347826086957

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in St Kilda West VIC
Total population 2845
Median household income ($/weekly) 1718
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 196 6.9
    25-34 years 798 28.0
    35-44 years 519 18.2
    45-54 years 400 14.0
    55-64 years 339 11.9
    Others 595 20.9
    Age Group
    Census Count Percent(%)
    Not Married 1138 51.4
    Registered Married 659 29.8
    Defacto Relationship 415 18.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1838 70.0
    Indonesia 51 1.9
    Papua New Guinea 97 3.7
    United Kingdom 200 7.6
    Other 124 4.7
    Others 314 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 1.8
    Christianity 1265 51.2
    Hinduism 50 2.0
    Judaism 46 1.9
    No Religion 1048 42.4
    Others 20 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 111 8.8
    $1,250-$1,499 117 9.3
    $1,500-$1,999 180 14.3
    $2,000-$2,499 109 8.6
    $2,500-$2,999 196 15.5
    Others 548 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1358 57.6
    Not in the labour force 437 18.5
    Employed, worked part-time 401 17.0
    Employed, away from work 95 4.0
    Unemployed, looking for work 66 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 345 18.6
    Professionals 807 43.5
    Technicians & trades workers 123 6.6
    Community & personal service workers 138 7.4
    Clerical & administrative workers 234 12.6
    Others 209 11.3
    Census Count Percent(%)
    Pre-school 31 6.2
    Infants/Primary 118 23.5
    Secondary 84 16.7
    Technical or Further Educational Institution 46 9.2
    University or other Tertiary Institutions 193 38.4
    Others 30 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1502 58.9
    Semi-detached, row or terrace house, townhouse 589 23.1
    Separate house 458 17.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 749 55.0
    Fully owned 333 24.4
    Being purchased 280 20.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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