A steady increase in median property prices over a five-year period in the suburb translates to a 60.22% capital gain.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,450,000.
Profits due to an upward trend in home prices there averaged 20.07% per annum over a 3-year period.
Home owners selling their properties and realtors in ST KILDA EAST usually have to wait an average of 47.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $627.5 mark, reflecting a 2.25% increase in returns based on the current median price in ST KILDA EAST.
ST KILDA EAST, 3183 places 594th in Australia based on median property value growth during the quarter.
Property investors in ST KILDA EAST enjoyed capital gains of 4.56% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ST KILDA EAST are low, as opposed to average gains per annum over the past five years.
ST KILDA EAST posted a 6.6% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $395 mark, reflecting a 3.85% increase in returns based on the current median price in ST KILDA EAST.
ST KILDA EAST, 3183 ranks 235th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
ST KILDA EAST ranks 203rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.85% return.
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