St Kilda West is a smaller suburb in Victoria within the Port Phillip local government area (postcode 3182). With a population of 2,951, the suburb has an established demographic with a median age of 40. Households earn a median income of $103K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in St Kilda West is $2.0 million, having dropped significantly 30.8% over the past year. Units have a median price of $569,000 (+14.9% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,300.
Public transport access includes 1 tram stop, 9 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, St Kilda West offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$875K), placing it in the premium segment. The price-to-income ratio of 19.2x is considered stretched. House prices have moved -30.8% year-on-year.
St Kilda West is a smaller suburb in Victoria within the Port Phillip local government area (postcode 3182). With a population of 2,951, the suburb has an established demographic with a median age of 40. Households earn a median income of $103K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in St Kilda West is $2.0 million, having dropped significantly 30.8% over the past year. Units have a median price of $569,000 (+14.9% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,300.
Public transport access includes 1 tram stop, 9 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, St Kilda West offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.0M/$875K), placing it in the premium segment. The price-to-income ratio of 19.2x is considered stretched. House prices have moved -30.8% year-on-year.