Melbourne inner south · VIC 3182

Buyers agent in St Kilda

The best house yield on this list at 4.02%, and ten years of essentially zero growth to go with it.

Figures below are August 2026, suburb level, all bedroom counts. Full Port Phillip council report.

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The St Kilda numbers

Houses

$1,297,791

Typical price

$1,003

Weekly rent

4.02%

Gross yield

+0.4%

Growth a year, 10yr

-0.8%

Growth, last 12mth

Sales a year

Units

$748,301

Typical price

$673

Weekly rent

4.68%

Gross yield

+0.5%

Growth a year, 10yr

-0.5%

Growth, last 12mth

972

Sales a year

Vacancy rate 1.73% across roughly 17,695 dwellings. HtAG Analytics, suburb level, all bedroom counts. Typical price is a modelled estimate, not a median of recent sales.

The honest read

What I'd tell you over a coffee

St Kilda houses yield 4.02% gross. That is the highest house yield on this entire page and it is not close.

About $1,003 a week on a typical house price of $1,297,791, which for six kilometres from the CBD is genuinely unusual.

The reason it is available is the growth. 0.40% a year over ten years. Minus 1.96% a year over five. The market has gone nowhere and the yield is what is left.

The apartment market here is enormous. 972 unit sales a year against 94 house sales, in a suburb of about 17,695 dwellings. St Kilda is mostly flats and always has been.

Units are $748,301 on a 4.68% yield with 0.51% a year growth over the decade. The same trade as the houses.

Vacancy is 1.73% and rent has grown 3.23% a year over ten years. The rental market functions. It just has a lot of stock in it.

Who St Kilda suits

Cash flow investors who want inner Melbourne and understand they are buying income rather than growth. On a 4.02% house yield six kilometres from town, that case can genuinely be made.

What I'd watch

Do not buy it expecting both. Ten years at 0.40% a year is the clearest signal on this page that the growth is not coming from the suburb. If you want growth, the yield here is telling you where it is not.

How I work

Flat $20,000 fee, whatever you buy and wherever it is
No commissions from agents, developers or builders
I'll tell you when a suburb doesn't stack up, including this one

How the process runs

Fair questions

Buying in St Kilda, answered

Why is the yield so high in St Kilda?

Because the price has not moved in a decade while the rent has. 0.40% a year on capital and 3.23% a year on rent, compounding in opposite directions, ends up at a 4.02% yield. A high yield is usually the market pricing in low growth, and here it has been right.

Is St Kilda worth buying?

For income it has an argument almost nothing else on this list can make. For growth, ten years of 0.40% a year is the answer. Decide which one you are buying before you look at a single property.

Houses or apartments?

There are 972 apartment sales a year against 94 house sales, so the apartment market is what St Kilda actually is. On the numbers they are near identical, 0.51% growth and a 4.68% yield against 0.40% and 4.02%. The house gives you land, which over a long enough hold usually matters.

Other Melbourne suburbs

Same treatment, same data, different answer in every one of them.

Thinking seriously about St Kilda? Read the full Port Phillip council report before you look at a single listing.

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