St Kilda East, VIC 3183
Glen Eira City, Victoria
Good to Know
St Kilda East, VIC 3183 is a high-value house market in the Port Phillip City Council area, currently positioned as a short-term cooling submarket. Located roughly 6 km south-east of Melbourne CBD, it is home to roughly 12,571 adults across 7,235 dwellings and records a vacancy rate of 1.71%.
According to HtAG Analytics, St Kilda East is exhibiting tight supply but weakening momentum. Stock on Market sits at 0.3% and Inventory at 1.58 months — well below the ~3-month balanced-market threshold — driving -1.4% YoY price growth and -4.1% YoY rent growth.
What the market data is signalling
St Kilda East shows the classic signs of a supply-constrained suburb: very low Stock on Market (0.3%), low Inventory (1.58 months) and fast median days on market (23 days). Those supply-side constraints have so far been met by softer demand — evidenced by -1.4% annual price change and -4.1% annual rent decline — suggesting a short-term re-pricing rather than broad structural uplift. For a visual snapshot, see the Markets in the Moment (MiM™) heatmap.
Who lives in St Kilda East — and why it matters for investors
St Kilda East scores 1087 on IRSAD, indicating a relatively high socio-economic profile that can support premium prices and longer-term capital resilience; see our IRSAD Crossover study for how this plays out over cycles. The local tenure mix is tilted towards renters — Renter/Owner ratio 49.0% (unfavourable) — and the suburb is dominated by units, with a Units/Houses ratio of 78.0% (unfavourable). Those factors can increase short-term income volatility but also create steady investor demand for the right asset.
Why suburb-level data matters for St Kilda East
Council- or LGA-level averages often hide sharp contrasts between pockets; investment decisions should therefore be based on St Kilda East’s own metrics. This suburb’s typical house price is $1,526,496, gross rental yield sits at 3.15%, Stock on Market is 0.3%, Inventory 1.58 months and median days on market are 23 days. Those figures describe a tightly-held, high-value market with modest yields and stretched affordability (53 years on the affordability index), so strategy should match that profile. Read more on the methodology in our LGA vs Suburb research. For a downloadable breakdown, get the full St Kilda East data guide.
What's behind the RCS™ score of 42
HtAG’s RCS™ score of 42 bundles three independent dimensions — risk minimisation, capital-growth potential and cashflow resilience — into a single composite to help screen markets. A mid-range RCS like this signals mixed signals across the three sub-scores, so investors should review the breakdown to match area strengths to their strategy; learn more about how the RCS™ is built. To explore the full dataset and scenario tools, open St Kilda East in HtAG Copilot.
Forward signals to watch
The vacancy rate — currently 1.71%: a persistent fall below ~1.0% would indicate tightening rental market conditions and upward pressure on rents; sustained readings around the current level point to a balanced rental backdrop.
The building approvals ratio — currently 0.74%: this sits in the neutral band, so new supply is present but not overwhelming; a sustained rise above ~2% would increase near-term supply pressure and could moderate price gains.
The wider Melbourne cycle phase: a shift in the Melbourne cycle (towards recovery or expansion) would likely re-accelerate demand in St Kilda East given its proximity to the CBD, while a continued city-wide cooling would reinforce the current soft price and rent signals.
Does this area meet your investment goals?
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RCS Breakdown
St Kilda East's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
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Market Trends
St Kilda East's headline values — $1,526K to buy and $924PW to rent, a 3.14% gross yield. Over the past decade, prices have moved 0.96% and rents 28.25% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$1,526K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$924PW today, with rent growth at (-4.13% YoY) compared to price growth (-1.39%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is St Kilda East in its cycle - and is the 3.14% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
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Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping St Kilda East's long-hold story?
Beyond the headline price, St Kilda East carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
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Critical to know
Supply & Demand
St Kilda East's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
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Fundamentals
St Kilda East can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is St Kilda East genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do St Kilda East prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into St Kilda East - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
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Important to know
Education & Infrastructure
St Kilda East looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does St Kilda East's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether St Kilda East has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
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Full HtAG Intelligence
St Kilda East shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether St Kilda East has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.
The total adult population (15 years or older) of St Kilda East 3183 VIC is 10,511, with a median age of 34. Of those, 31.38% are married, 9.24% are divorced or separated, 56.96% are single and 2.41% are widowed.
The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $11,480. The median monthly mortgage repayment for households in this suburb is $2,128 which is 18.54% of their earnings.
Source: ABS Census Data (2021)