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St Kilda East, VIC 3183

Home » VIC Real Estate Data » Glen Eira City, VIC » St Kilda East, VIC 3183

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for St Kilda East, VIC 3183 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “St Kilda East, VIC 3183”

  1. 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)

  2. Situated in VIC, the suburb of ST KILDA EAST 3183 is home to an estimated 7178 households. As we move into Q3 of 2023, the typical prices for houses in this bustling suburb are now reaching $1545467. On the rental front, the median weekly rent sits at $831 which contributes to an indicative yield of a slightly less desirable yield of 2.8%

    Turning our attention to socio-economic status, ST KILDA EAST scores a high 1103 out 1217 on the IRSAD scale. This suggests residents generally have good accessibility to economic resources, higher income levels and professional occupations. Despite the high score, prospective investors should take note of the renter to owner ratio, which presently stands at 49%, leaning towards the questionable investment range due to an increased amount of renters.

    The unit to houses ratio also treads heavily on questionable investment territory with a large 76% ratio. This signifies an oversupply of units potentially saturating the rental market. The suburb’s affordability index is pegged at 53 years, an unfavourable figure surpassing the standard 30-year mortgage, indicating a decreased affordability in the area.

    However, supply metrics show a more favourable situation. The stock on market Percentage for houses is comfortably low at 0.25%, indicating less competition between sellers. Additionally, the inventory level for houses is measured at only 0.87 months, demonstrating a quick absorption rate of new house listings. The building approvals Ratio is in the favourable range too at 0.74%, indicating a restricted addition of new dwellings to the market in the upcoming times.

    Demand metrics show promise too, houses in ST KILDA EAST stay on the market for an average of 24 days, indicating high demand in the market and a quick turnover rate for investors. The vacancy rate stands at 2.01%, which signals an equilibrium in supply and demand. To confirm this, the buy search index for houses is at a neutral level of 5, aligning with the state/city average.

    It’s essential to take note of these statistics as they combine to form the overall picture of ST KILDA EAST’s property market. Though some metrics lie in the unfavourable end of the spectrum, the favourable dynamics found in supply and demand, as well as socio-economic status, presents potential opportunities for savvy investors. As usual, continuous observation and analysis of the market is key in making beneficial real estate investment decisions. For an automated solution, consider using HtAG Analytics’ RCS (Relative Composite Score) metric that synthesises over 80 metrics for a comprehensive view.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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