Question 1

Is St Kilda West a nice place to live?

Accepted Answer

St Kilda West is a quiet bayside pocket on Port Phillip, known for tree-lined streets and a village feel. Housing ranges from well-preserved Victorian and Edwardian cottages to Art Deco flats and modern low-rise apartments, so the suburb attracts a mix of young professionals, families and long-term residents who want seaside living without constant tourist bustle. The foreshore, small beaches and marina make walking, cycling and weekend picnics easy, while nearby St Kilda’s cafes, restaurants and attractions including Luna Park add variety. Regular public transport on surrounding streets connects residents to the city and neighbouring precincts.

It is a small community of 2,951 people with a median age of 40, and families are the dominant household type. Homes are more often rented than owner-occupied, with 52.4% rented and 47.6% owner-occupied. There are also a number of council and state-led projects under way along the foreshore and nearby streets, from pier and foreshore upgrades to works linked to the Yani Barripbarripuyt masterplan and improvements around Kerferd Road, the botanic gardens and the marina. Whether that mix suits you will depend on what you want from a bayside suburb.

Question 2

Is it expensive to live in St Kilda West?

Accepted Answer

Rents in St Kilda West run to about $1,100 a week for a house and $550 a week for a unit. Against a typical local household income of $1,983 a week at the last Census, that means house rent would take roughly 55.5% of a typical local household's weekly income and unit rent about 27.7%. On these figures, renting a house would take a large share of a typical local household's income at the last Census, while renting a unit would take a moderate share; if you're renting, those rent shares are the numbers that matter.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is St Kilda West a good place to invest?

Accepted Answer

Over the past 12 months in St Kilda West the unit side outperformed the house side. Unit values climbed 13.0%, a strong rise, and unit rents rose 10.0%, also a strong increase. By contrast, house values fell 2.6%, a modest decline, while house rents dropped 6.4%, a notable fall. For someone weighing St Kilda West up as an investment, the value figures speak to capital growth and the rent figures speak to rental income: both capital and rental measures for units moved up strongly this year, whereas both measures for houses moved down. Whether that pattern suits your plans depends on your individual goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-2.6%	13.0%
Sold Past 3 months	2	8
Median days on market Past 12 months	N/A	48
Average rent Past 12 months	$1100	$550
Change in rent Past 12 months	-6.4%	10.0%

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