Stonnington City, VIC

The City of Stonnington is a local government area in Melbourne, Australia. The Stonnington property market is a mix of residential and commercial properties. It is considered to be a high-end market, with prices for properties ranging from affordable to very expensive.

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The LGA is popular with families and young professionals, and there is a good mix of properties available, from apartments and townhouses to larger family homes. There is also a good range of schools and recreational facilities in the area. The market is generally quite competitive, and buyers need to be prepared to act quickly if they want to secure a property they are interested in.

The market is generally stable, but there have been some fluctuations in prices in recent years.

The economy of Stonnington, Victoria is based on a mix of industry and service sectors. Major industries include healthcare, education, retail, and tourism. The service sector accounts for the majority of jobs in the area, with businesses in finance, real estate, and professional services being particularly prominent. Professionals account for 39.8 % of jobs in Stonnington, followed by managers at 18.9 %, clerical and administrative workers at 12.3 %, sales workers at 9.0 %, and community and personal service workers at 8.1 %. In Stonnington, the typical weekly personal income for residents aged 15 years and older is $1,042.

The area has a relatively affluent population, with a high level of disposable income. This has helped to support a strong retail sector, with a number of high-end boutiques and luxury brands represented. Tourism is also a key contributor to the local economy, with many visitors drawn to the area’s cultural attractions and its proximity to Melbourne. Overall, the economy of Stonnington is relatively strong and continues to grow. This has helped to support a high standard of living for residents and has made the area an attractive place to live and do business.

The area is well-serviced by public transport, and it is easy to get around. The Melbourne CBD is also just a short drive away.

The typical real estate in Stonnington, Victoria is expensive and luxurious. The homes are often large and have luxurious features such as marble bathrooms and gourmet kitchens. The neighborhoods are typically quiet and upscale, and the residents are often wealthy. In Stonnington, 27.2 % of occupied private residences are detached houses, 20.7 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 51.1 % are flats or apartments, and 0.6 % are other dwellings.

Discover the latest trends for price and rent in this LGA with the help of interactive dashboard on this page.

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Capital Growth Heatmap

Property Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Stonnington City, VIC

What other property markets are there near Stonnington City, VIC?

Stonnington City is surrounded by 5 other council areas – Port Phillip, Melbourne, Boroondara, Monash, Yarra.

Suburbs/localities in this Local Government Area: Kooyong 3144, Malvern 3144, Malvern East 3145, Prahran 3181, South Yarra 3141, Toorak 3142, Armadale 3143

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