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St Kilda (VIC) property development snapshot

GoSiteHunt Research · Victoria · Inner Melbourne · sales Apr-Jun 2025 · rents moving annual median, year to Sep 2025

$1,810,000
Median house price · Apr-Jun 2025
+26.1%
Median change, year on year
16
House sales in the period
$950/wk
Median rent · 3-bed houses
2.7%
Indicative gross yield
#40
of 50 · Victoria Opportunity Index

Median rents by bedroom

Type1-bed2-bed3-bed4+ bedAll
House$728/wk (36 bonds)$950/wk (55 bonds)$1105/wk (16 bonds)
Unit$465/wk (1287 bonds)$630/wk (1040 bonds)$890/wk (115 bonds)

Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.

What the data suggests for developers.

At around 2.7% gross, rent barely registers against the $1,810,000 median — this is an end-value-led market. A feasibility in St Kilda stands or falls on the sale price of the finished product, and holding costs bite harder while you build. The median moved +26.1% year-on-year on 16 sales — momentum is real, but never pay for it twice: if the asking price already banks the growth, the residual land value has to be run on today's evidence, not the trend line. St Kilda sits at #40 of 50 in the Victoria Opportunity Index — it qualifies on data depth, but the yield-led scoring places it low: prices have outrun rents, which is a profile that favours sell-down schemes over holds. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.

Check a specific address in St Kilda.

This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.

Related suburb snapshots: Abbotsford · Albert Park · Armadale

State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub

Granularity & method.

Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.

Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.