Demand
Weak— flat
Confidence: High
Selling times are 17.5% above the five-year norm. Latest reading 38.0 against a five-year average of 32.4.
- Latest
- 38
- 12 months ago
- 33.59
- 5-year average
- 32.35
- 5-year range
- 23.4 – 39.3
St Kilda
A standing intelligence briefing: what the market is doing now, how that compares with its own five-year history, and the pipeline items that could change it.
- Median house
- $1,632,000
- Median unit
- $618,000
- Annual growth
- +1.9%
- Median rent
- $1,165
- Gross yield
- 3.7%
- Vacancy
- 1.9%
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APD View — St Kilda
St Kilda: conditions improving
Current data indicates conditions in St Kilda are improving. 14 indicators across 5 analytical dimensions inform this reading, with 79% pointing the same way.
Direction
Improving
Confidence
High
Evidence strength
Strong
Direction describes where underlying conditions are moving. It is not a rating, a recommendation or a signal to transact — a market can be improving while remaining expensive, low-yielding or supply-exposed.
Why this confidence — Based on 14 indicators, 60 months of history, 79% of indicators pointing the same way, latest data 29 days old.
Evidence basis — Based on 14 indicators, 1 independent source, 60 months of history. Latest data 29 days old.
What changed
| Indicator | Now | 1 month | 1 quarter |
|---|---|---|---|
| 12-month price growth | 1.9% | 2.4% | 1.6% |
| Vacancy rate | 1.9% | 2.0% | 2.1% |
| Advertised listings | 97.68 | 101.84 | 106.45 |
| Rental growth | 6.3% | 6.1% | 6.0% |
| Auction clearance | 64.1% | 64.9% | 66.8% |
| Days on market | 38 days | 39 days | 39 days |
What supports this view
- Median rent — $1,165 against a historical average of $1,010. Advertised rents sit above the historical average for this market. Historical percentile: 98.
- Median house value — $1,633,554 against a historical average of $1,557,738. House values sit above the historical average for this market. Historical percentile: 98.
- Price-to-rent multiple — 26.96 against a historical average of 29.81. Prices are low relative to rents compared with the historical average. Historical percentile: 0.
- Sales volume — 44.4 against a historical average of 35.9. Transaction volumes are running above the historical average. Historical percentile: 95.
- Gross yield — 3.7% against a historical average of 3.5%. Gross yields sit above the historical average for this market. Historical percentile: 88.
- Vendor discounting — -2.3% against a historical average of -2.1%. Sellers are accepting smaller reductions than normal. Historical percentile: 20.
What works against it
- Days on market argues the other way — Days on market reads 38 days against a 32 days historical average (82th percentile), which works against the current reading.
- Building approvals argues the other way — Building approvals reads 24 against a 21 historical average (70th percentile), which works against the current reading.
- Days on market — 38 days. Properties are taking longer to sell than the historical norm. Historical percentile: 82.
- Building approvals — 24.42. Dwelling approvals are running above the historical average, pointing to more future supply. Historical percentile: 70.
- Population growth — 1.0%. Population growth is running above the longer-run average. Historical percentile: 38.
Market signals
Each signal compares the latest reading with the suburb's own five-year record
Price Momentum
Neutral▼ falling
Confidence: Low
Annual price growth is in line with the five-year average. Latest reading 1.9 against a five-year average of 1.9.
- Latest
- 1.9
- 12 months ago
- 2.35
- 5-year average
- 1.91
- 5-year range
- 1.3 – 2.6
Rental Conditions
Firm▼ falling
Confidence: Moderate
Vacancy is running 4.5% below the historical average. Latest reading 1.9 against a five-year average of 2.0.
- Latest
- 1.9
- 12 months ago
- 2.3
- 5-year average
- 1.99
- 5-year range
- 1.5 – 2.3
Rental Pressure
Firm— flat
Confidence: Moderate
Rental growth is 5.2% above the five-year average. Latest reading 6.3 against a five-year average of 6.0.
- Latest
- 6.31
- 12 months ago
- 5.94
- 5-year average
- 6
- 5-year range
- 5.2 – 6.7
Affordability
Firm▼ falling
Confidence: Moderate
The price-to-rent multiple sits 9.6% below its five-year average. Latest reading 27.0 against a five-year average of 29.8.
- Latest
- 26.96
- 12 months ago
- 28.13
- 5-year average
- 29.81
- 5-year range
- 27.0 – 32.9
Supply
Neutral▼ falling
Confidence: Low
Advertised stock is in line with the five-year average. Latest reading 97.7 against a five-year average of 96.0.
- Latest
- 97.68
- 12 months ago
- 107.43
- 5-year average
- 96.01
- 5-year range
- 71.4 – 112.9
Liquidity
Strong▲ rising
Confidence: High
Transaction volumes are 23.7% above the five-year average. Latest reading 44.4 against a five-year average of 35.9.
- Latest
- 44.4
- 12 months ago
- 33
- 5-year average
- 35.9
- 5-year range
- 26.1 – 45.2
Population Growth
Neutral▼ falling
Confidence: Low
Population growth is in line with the longer-run average. Latest reading 1.0 against a five-year average of 1.0.
- Latest
- 1.02
- 12 months ago
- 1.07
- 5-year average
- 1.02
- 5-year range
- .9 – 1.1
Development Risk
Weak▼ falling
Confidence: High
Dwelling approvals are 18.1% above the five-year average. Latest reading 24.4 against a five-year average of 20.7.
- Latest
- 24.42
- 12 months ago
- 22.42
- 5-year average
- 20.67
- 5-year range
- 13.6 – 26.1
Investor Activity
Firm▲ rising
Confidence: Moderate
Gross yields are 7.2% above the five-year average. Latest reading 3.7 against a five-year average of 3.5.
- Latest
- 3.7
- 12 months ago
- 3.39
- 5-year average
- 3.45
- 5-year range
- 3.2 – 3.8
Indicators
Latest reading against one, three and five years ago
| Indicator | Latest | 1yr | 3yr | 5yr | 5yr avg | 5yr range |
|---|---|---|---|---|---|---|
| Median house priceMiddle sale price for houses over the trailing twelve months. | $1,633,554 | +1.9% | +6.3% | +9.7% | $1,557,738 | $1,488,728 – $1,633,554 |
| 12-month price growthTwelve-month change in median house price. | 1.9% | -19.1% | +46.2% | — | 1.9% | 1.3% – 2.6% |
| Median unit priceMiddle sale price for units and apartments over the trailing twelve months. | $617,604 | +0.9% | +4.1% | +6.7% | $598,537 | $578,857 – $619,068 |
| Median weekly rentMiddle advertised weekly rent across all dwelling types. | 1,165 | +6.3% | +19.5% | +33.9% | 1,010 | 870 – 1,165 |
| Rental growthTwelve-month change in median advertised weekly rent. | 6.3% | +6.2% | +2.1% | — | 6.0% | 5.2% – 6.7% |
| Gross rental yieldAnnual gross rent as a share of median dwelling value. | 3.7% | +9.1% | +1.6% | +16.4% | 3.5% | 3.2% – 3.8% |
| Price-to-rent multipleMedian house price divided by annual median rent. | 27 | -4.2% | -11.1% | -18.0% | 30 | 27 – 33 |
| Vacancy rateShare of rental stock advertised and unlet. | 1.9% | -17.4% | +20.3% | -5.5% | 2.0% | 1.4% – 2.3% |
| Sales volumeNumber of dwelling transactions settled in the month. | 44 | +34.5% | +3.8% | +64.7% | 36 | 26 – 45 |
| Total listingsDwellings advertised for sale at month end. | 98 | -9.1% | +19.3% | +3.7% | 96 | 71 – 113 |
| Days on marketMedian time from listing to sale. | 38 days | +13.1% | +12.1% | +44.4% | 32 days | 23 days – 39 days |
| Vendor discountMedian gap between first asking price and sale price. | -2.3% | -4.6% | -7.5% | -16.2% | -2.1% | -2.4% – -1.8% |
| Auction clearanceShare of scheduled auctions reported sold. | 64.1% | -1.3% | +5.5% | +6.3% | 63.0% | 56.9% – 67.7% |
| Population growthAnnual resident population change. | 1.0% | -4.7% | +8.5% | +2.0% | 1.0% | 0.9% – 1.1% |
| Building approvalsDwellings approved for construction in the month. | 24 | +8.9% | +15.6% | +49.5% | 21 | 14 – 26 |
Source: Australia Property Data derived series (anchored to current market metrics). Percentage columns show the change from that point to the latest observation.
History
Monthly observations, last five years
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
What could change this market?
- Transport
Suburban Rail Loop East
Under construction · 2035
Reshapes access between middle-ring employment centres and lifts development capacity around six new stations.
Tunnelling underway between Cheltenham and Box Hill; precinct structure planning continues alongside.
- Transport
Metro Tunnel precinct uplift
Operating · Now
New CBD-fringe stations are already redirecting rental demand and apartment supply.
Station catchments at Parkville, Anzac and Arden are the focus of rezoning activity.
- Planning reform
Activity centre rezoning program
Announced · 2026-2028
Higher permitted densities across dozens of centres change the medium-term apartment pipeline.
Watch approval volumes in nominated centres for early supply signals.
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