All About St Kilda East, Glen Eira, VIC, 3183

St Kilda East, located within the Glen Eira council area in Victoria, has experienced notable dynamics in its housing market, reflecting broader trends seen across Melbourne suburbs. Known for its eclectic mix of architecture, the suburb offers a unique blend of historic Edwardian and Victorian homes alongside modern apartment buildings. The diversity in housing types caters to a range of demographics, from young professionals to families. Over the past few years, St Kilda East has seen an upward trend in property prices, driven by its desirable location, vibrant culture, and proximity to the city center. The market has been buoyed by strong demand, making it a competitive environment for both buyers and renters. While prices remain on the higher side compared to some neighboring areas, the investment potential and lifestyle benefits ensure continued interest in the suburb.

Living in St Kilda East offers a vibrant yet relaxed lifestyle. Residents enjoy a variety of amenities, including local cafes, trendy bars, and diverse dining options, which reflect the suburb's lively culture. The area's proximity to St Kilda Beach and surrounding parks provides ample opportunities for outdoor activities, making it an attractive place for those who value a balanced lifestyle. Additionally, the suburb is well-connected by public transportation, offering convenience for commuters working in Melbourne’s central business district. Community life in St Kilda East is enriched by numerous cultural events and a welcoming atmosphere, creating a warm, inclusive environment. The blend of urban energy with residential tranquility makes St Kilda East a sought-after location for those seeking both excitement and community-oriented living.

St Kilda East Real Estate Market Outlook

Thinking about buying in St Kilda East? Now could not be a better time, with 8796 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,205,000 with prices in this suburb ranging from $192,000 to $15,050,000. St Kilda East is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in St Kilda East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in St Kilda East classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in St Kilda East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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