Suburb Profile – St Kilda
Located right on Port Philip Bay and only six kilometres from the Melbourne CBD, St Kilda is an absorbing seaside playground right on the city’s doorstep.
With its long stretch of sandy beach, palm-lined boardwalks, parks and gardens, great restaurants, bars and cafés, fabulous old buildings and colourful past, St Kilda is cherished as one of Melbourne’s most eclectic, trendy and cosmopolitan suburbs.
In its early days at the start of the 1900s, the suburb was a holiday destination for Melbourne’s elite, with wealthy types flocking from the inner-city to its baths and the iconic Palais Theatre.
Today, locals and tourists alike are drawn to the suburb during the day time to sample the easy-going, cosmopolitan lifestyle. And at night to feel the energy that exudes its restaurants, hotels and bars and music venues.
While St Kilda residents are still an eclectic lot, the suburb’s relaxed culture has increasingly attracted a community of young working professionals, with people aged 25 to 34 representing the highest demographic in the area1. And figures gathered by the Australian Bureau of Statistics show that 61% of St Kilda residents live in rental properties2.
The elective nature of the suburb is also reflected in its properties. St Kilda’s Victorian/Edwardian mansions and terraces can fetch upwards of $2 million, while there is also good value in the suburbs apartment market, with two-bedroom dwellings available for between $500,000 and $600,0003.
With its liveability ensured by its fantastic bayside location and its wealth of local attractions, St Kilda is highly immune to fluctuating trends, making the suburb an attractive prospect both now and well into the future.
– Last updated November 2016.
1. Australian Bureau of Statistics (2011), 2011 Census QuickStats: St Kilda (Vic), ABS.
2. Property Value (September 2015) St Kilda suburb profile (3182), propertyvalue.com.au
3. Domain, St Kilda suburb profile