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Stonnington City, VIC

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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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Suburb Heatmap Analysis

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.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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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

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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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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.

How many people live in Stonnington City, VIC?

There are approximately 104000 people living in roughly 54000 dwellings in total, with an average household size of 2.2.

What are current and planned infrastructure projects in Stonnington City, VIC?

Notable infrastructure projects include Brookville Gardens/Fairbairn Reserve improvements, Central Park lighting, Central Park playground, Claremont Street streetscape improvements, Como Park redevelopment, Daly Street drainage upgrade, Davies Street road reconstruction, Harold Holt Swim Centre improvements.

What major retailers are there in Stonnington City, VIC?

The main retail centres are Malvern Central, Chadstone – The Fashion Capital, The Panton Store, Origen Imports Malvern, Wayver Originals, Victoria Gardens Shopping Centre.

What is the main industry in Stonnington City, VIC?

Such sectors as Professional, Scientific and Technical Services, Health Care and Social Assistance, Retail Trade, Accommodation and Food Services, Financial and Insurance Services, Public Administration and Safety make up the largest part of the employment.

What are the dominant demographic groups in Stonnington City, VIC?

Among approximately 104000 people in Stonnington City males and females make roughly 48% and 52% respectively. The median age of people is 35 years. Children aged 0-14 years account for approximately 12% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in Stonnington City, VIC?

Among approximately 60000 people employed, roughly 64% work full-time, 27% work part-time, and an estimated 5% are unemployed.

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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