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St Kilda West, VIC 3182

Home » VIC Real Estate Data » Port Phillip City, VIC » St Kilda West, VIC 3182

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 West, VIC 3182 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 West, VIC 3182”

  1. The total adult population (15 years or older) of St Kilda West 3182 VIC is 2,577, with a median age of 40. Of those, 31.08% are married, 13.66% are divorced or separated, 53.36% are single and 1.79% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $12,808. The median monthly mortgage repayment for households in this suburb is $2,300 which is 17.96% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in Victoria, the suburb of St Kilda West 3182 is home to approximately 1862 households. Following Q3 2023, statistics reveal that the typical price for houses in St Kilda West 3182 sat at $2,737,127. The median weekly rent hovers around $960, reflecting an indicative yield of a lowly 1.82%.

    A closer look into the socio-economic context of the area reveals that St Kilda West holds an IRSAD score of 1114 out of 1217. This score denotes a high level of socio-economic resources, including good earnings and high levels of professional employment among the populace. However, the suburb exhibits a high renter to owner ratio of 51%, suggesting a dominant presence of tenants over homeowners which could influence the long term investment prospects in this area.

    Moreover, the data also indicates a high units-to-houses ratio of 71%. While these statistics imply a greater choice of units over houses, it does suggest a potential saturation of the local rental market. This could subsequently introduce heightened competition among landlords to secure tenants and ultimately affect rental yields.

    Furthermore, the suburb reveals a high affordability index of 84 years. This figure serves to demonstrate the lengthy estimated duration required to fully pay off a home in this location, factoring in variables such as current interest rates, average family income and property prices. This could potentially deter prospective buyers seeking optimum affordability.

    From a supply perspective, the suburb’s stock on market Percentage sits at 1.03% which represents a neutral level of unsold properties in the market. However, with an inventory level of 3.27 months, the absorption rate of new listings appears relatively low, signifying that houses are not selling at a rapid rate.

    The building approvals Ratio, meanwhile, stands at 0.0% denoting a lack of newly approved residential buildings entering the market. This could present an opportunity for those looking for limited new competition on the market.

    In terms of demand metrics, St Kilda West displays strong buyer demand, with properties remaining on the market for just 13 days on average. Moreover, the vacancy rate of 0.84% represents a high level of demand and limited vacancies in the market.

    Lastly, the buy search index for houses in the suburb is 3, which is generally considered to be on the lower end of the demand spectrum. However, given the overall favourable socio-economic position, high demand and limited supply, St Kilda West could still hold potential for discerning investors seeking long-term property growth. Nonetheless, with the Relative Composite Score (RCS) automating analysis using over 80 metrics, it’s recommended to leverage this tool for a comprehensive understanding of the market trends and conditions.

    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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