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St Kilda West

POSTAL CODE: VIC, 3182
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Based on its average 5-year and quarterly capital gains ST KILDA WEST, 3182 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ST KILDA WEST, 3182 obtained a 5.53% growth over a ten-year period. It ranks 2978th on our list of suburbs that property investors should look into.

ST KILDA WEST, 3182 in VIC belongs to the local government area of Port Phillip.

ST KILDA WEST, 3182 has a capital gain of 26.23% for the past year, which is higher than average compared to its -10.81% growth within a five-year period.

With the median home price in ST KILDA WEST sitting at $2,310,000, and the average rent at $575, property owners could potentially earn a 1.29% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ST KILDA WEST are high, as opposed to average gains per annum over the past five years.

Surburb overview

St Kilda West is an inner bayside suburb of Melbourne located within the City of Port Phillip. The suburb is situated approximately 6 kilometres south-west of the Melbourne central business district and occupies a narrow strip between Albert Park and Port Phillip Bay.

St Kilda West recorded a population of around 2,000 residents at the 2021 census, reflecting its small geographic size and limited residential land. The demographic profile includes a mix of professionals, older residents and smaller households, with a median age above that of nearby St Kilda.

Home ownership rates are higher than in neighbouring inner-city suburbs, though rental accommodation remains a significant component of the housing mix. Housing in St Kilda West consists mainly of apartments and medium-density residential buildings, alongside a small number of heritage-listed terrace houses. Residential density is relatively high, with development constrained by the suburb’s narrow layout and proximity to parkland and the foreshore.

Public transport access is strong, with multiple tram routes operating along Beaconsfield Parade and nearby arterial roads, providing direct connections to the CBD and inner suburbs. There is no railway station within St Kilda West itself, with the nearest stations located in nearby suburbs including Balaclava and Windsor. Road access is primarily via Beaconsfield Parade and nearby links to St Kilda Road, supporting north–south travel along the bay.

Local retail and service amenities within St Kilda West are limited, with residents relying on nearby precincts in St Kilda, Albert Park and Middle Park for supermarkets, cafés and medical services. The suburb is closely connected to surrounding commercial areas via walking, cycling and public transport.

Recreational amenities are a defining feature, with direct access to St Kilda West Beach and the foreshore shared path. Catani Gardens provides significant open space, landscaped gardens, picnic areas and walking paths along the waterfront. Albert Park Lake and surrounding parklands are located immediately to the north-east and offer extensive sporting, walking and cycling facilities. The foreshore and parklands support a range of outdoor activities including swimming, jogging and cycling.

Educational facilities are accessed in surrounding suburbs, with primary and secondary schools located nearby. Employment among residents spans professional services, health care, education, retail and hospitality, with many commuting short distances to inner-city employment centres.

St Kilda West’s character is shaped by its bayside setting, proximity to major parklands and inner-city location, with limited commercial development and a strong emphasis on residential amenity and open space.

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