Suburb Profile Report for St Kilda East VIC (3183)

St Kilda East House: Median price $1,275,000, Annual capital growth 5.75%, Number of sales 97, Weekly median advertised rent $720

St Kilda East Unit: Median price $550,000, Annual capital growth 3.76%, Number of sales 171, Weekly median advertised rent $415

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in St Kilda East, 3183 have given investors a capital gain of -6.59%. This compares badly with the -1.79% for VIC as a whole.

If we look at median property appreciation over just the last three months, St Kilda East has given property investors a paper return of 3.03%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in VIC

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in St Kilda East itself are offering an average vendor discount of -5.80% to real estate investors.

Using the current median advertised rental of $720 and the average annual increase in value of a median property of 5.75%, investors should hope to achieve an overall return of 2.94%

Investment property in St Kilda East has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

The five-year average increase in median property values for St Kilda East,3183 has given property investors a potential capital gain of 11.11% across each of those five years.

St Kilda East3183 is located in VIC which offers an average discount of -6.31% to property investors. St Kilda East itself is showing figures that indicate -6.81% is the average achievable by property buyers investing in the suburb.

Residents and property investors in St Kilda East have been waiting around 56.4 days to sell a property.

St Kilda East, 3183’s gross rental yield is 3.92%

Metrics i HOUSE UNIT
$1,275,000 $550,000
3.03% -2.65%
-6.59% 0.00%
5.75% 3.76%
$720 $415
97 171
2.94% 3.92%
49.2972972972973 56.4

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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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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