The median house price in St Kilda in 2026 is approximately $1,650,000. For units and apartments — which dominate St Kilda’s housing stock — the median sits at approximately $580,000, making units the primary investment vehicle in this suburb.
St Kilda Price Snapshot 2026
| Property Type | Median Price | 5yr Growth | Gross Yield |
|---|---|---|---|
| House | $1,650,000 | +29% | 2.8% |
| Unit/Apartment | $580,000 | +18% | 4.4% |
| Terrace/Victorian | $1,950,000 | +34% | 2.5% |
Why Are St Kilda Units So Well Priced for Yield?
St Kilda’s large older apartment stock — predominantly Art Deco buildings from the 1920s-1940s — trades at median prices well below the suburb’s house median, creating unit yields of 4.4% gross in a 6km-from-CBD beach suburb. The combination of Airbnb short-stay income potential, tourist-driven rental demand, and proximity to St Kilda Road employment makes these units attractive to both private investors and short-stay operators.
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