st kilda west

3182, Victoria

Real Estate & Property Information

Median
Price Rank
7

st kilda west Suburb Profile & Review

St Kilda West is a small residential area comprised of terrace houses, flats and high-rise apartment buildings overlooking Port Phillip Bay.

The spectacular Catani Gardens harken back to St Kilda's past as a seaside holiday resort, while Albert Park and Albert Park Lake act as the suburb's north western border. After enjoying a swim at the beach, residents can wander Fitzroy Street, which boasts vibrant cafes, clothing stores, coffee spots and bars.

Tram route 112 to West Preston and tram route 96 to East Brunswick both run through the suburb and through the city. Prominent state and private schools, such as St Michael's Grammar School and Christian Brothers College, can be found in nearbySt Kilda.

st kilda west Demographic Data

$ 1,610,000 Median House Price

16 Minutes Average Commute

36 Median Age

2,845 Population

49.63 % Female

50.37 % Male

624 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in st kilda west, Victoria.

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st kilda west Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

st kilda west Median House Prices

  • 2008 $ 1,085,000
  • 2009 $ 1,132,500
  • 2010 $ 1,360,000
  • 2011 $ 2,212,500
  • 2012 $ 1,610,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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st kilda west 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in st kilda west have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term st kilda west property price predictions.

st kilda west Market Property Types

  • 12 % Seperate House
  • 17 % Semi Detached
  • 70 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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st kilda west Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

st kilda west Income & Mortgage Stats

  • $ 1,718 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in st kilda west

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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st kilda west Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

st kilda west Sold Property Prices

st kilda west Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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st kilda west Cafes

  • Cowderoy's Dairy14 Cowderoy Streetst kilda west VIC 318203 9537 2601
  • West Beach Bathers Pavilion330a Beaconsfield Paradest kilda west VIC 318203 9593 8833

st kilda west Childcare

  • St. Kilda West Childrens Ctr8 York Streetst kilda west VIC 3182

Find out How Much your House is Worth in st kilda west

Request a free market Basic Report for st kilda west to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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