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St Kilda

POSTAL CODE: VIC, 3182
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Figures from the previous quarter show that capital gains for real estate buyers in ST KILDA are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $900 based on current median home prices for the suburb.

On average, rents on listings have reached the $900 mark, reflecting a 3.07% increase in returns based on the current median price in ST KILDA.

ST KILDA, 3182 ranks 18th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 407th on the list of best yielding suburbs for rental properties in VIC, posting a 3.07% return.

Surburb overview

St Kilda is an inner bayside suburb of Melbourne located within the City of Port Phillip. The suburb is situated approximately 6 kilometres south of the Melbourne central business district and fronts Port Phillip Bay.

St Kilda recorded a population of around 20,000 residents at the 2021 census, reflecting its compact size and high residential density. The demographic profile includes a large proportion of young adults, professionals and renters, alongside older long-term residents. The median age is well below the metropolitan average, and single-person and couple households are common.

Housing in St Kilda is dominated by apartments, flats and medium-density developments, with a smaller number of detached Victorian and Edwardian-era houses. Residential density is highest near the foreshore, major roads and commercial precincts, while some interior streets retain heritage streetscapes.

Public transport access is a defining feature, with multiple tram routes operating along Acland Street, Fitzroy Street, Carlisle Street and St Kilda Road. These routes provide frequent connections to the CBD, inner suburbs and neighbouring bayside areas. 

There is no railway station within St Kilda itself, with the nearest stations located in Balaclava, Windsor and Elwood. Road access is provided by St Kilda Road, Barkly Street and Beaconsfield Parade, though congestion and limited parking are common.

St Kilda contains several major retail and entertainment precincts, including Acland Street and Fitzroy Street. These areas include supermarkets, cafés, restaurants, bars, medical clinics and specialist retail.

St Kilda Beach is a major recreational and tourism asset, supporting swimming, walking, cycling and organised events. The St Kilda foreshore includes extensive shared paths, parklands and sporting facilities that are heavily used by residents and visitors.

Albert Park and its surrounding open spaces are located nearby and provide additional recreation and sporting infrastructure. Luna Park and the Palais Theatre are prominent cultural and entertainment landmarks that contribute to local employment and visitation.

Educational facilities include primary schools within and near the suburb, with secondary schools and tertiary institutions accessed in surrounding inner areas. Employment among residents spans hospitality, tourism, retail, health care, professional services and creative industries.

St Kilda’s character is shaped by its bayside location, dense housing, strong public transport access and concentration of recreation, entertainment and tourism activity within inner Melbourne.

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