Located in Victoria within the Port Phillip local government area, St Kilda West is a smaller residential 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
St Kilda West has a median house price of $2.0 million, which has declined steeply by 30.8% year-on-year. Units have a median price of $493,000 (-13.4% YoY). The current median weekly rent is $698. This gives a gross rental yield of approximately 1.8%. 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.
On the investment side, St Kilda West shows a gross rental yield of approximately 1.8%, 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. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.