St Kilda

St Kilda is a vibrant suburb with a diverse population. The majority of residents are aged between 20 to 44 years, with a good mix of occupations, primarily professionals and managers. Commute options include train, bus, motor vehicle, and working from home is popular. The suburb boasts a high ICSEA value for government schools. For houses, St Kilda presents an opportunity for renovators due to a high saleprice IQR ratio, indicating potential for property value uplift through renovation. With a steady market absorption rate and low vacancy rate, houses could be attractive for investors looking for long-term growth. For units, the suburb offers moderate rental yields and a reasonable market absorption rate, making it suitable for investors seeking stable rental income. St Kilda is a dynamic suburb appealing to a younger demographic, offering diverse living options and good access to amenities. The property market in St Kilda presents opportunities for both house renovators and unit investors, although each comes with its own considerations regarding potential returns and investment strategies. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022