St Kilda is Melbourne’s most iconic lifestyle suburb and one of the most interesting yield stories in the inner city. The combination of Acland Street, the beach, Fitzroy Street entertainment strip and a dense apartment market creates some of Melbourne’s highest unit yields within 7km of the CBD.
St Kilda Rental Yield Data 2026
| Property Type | Median Price | Median Weekly Rent | Gross Yield |
|---|---|---|---|
| House | $1,950,000 | $890 | 2.4% |
| Unit/Apartment | $580,000 | $490 | 4.4% |
| Studio (Fitzroy St corridor) | $320,000 | $380 | 6.2% |
Is St Kilda Good for Rental Investment?
St Kilda units and studios are a strong yield play. Studios in the Fitzroy Street corridor can achieve 6%+ gross yield, though vacancy risk is higher due to lifestyle tenant demographics (short-term renters, transient professional). Art Deco apartments along Brighton Road and Barkly Street consistently achieve 4.4% gross with quality long-term tenants. Houses are a prestige capital growth play at 2.4%.
Find Off-Market Investment Properties in St Kilda
Access exclusive off-market listings in St Kilda including Art Deco apartments and period conversions: collings.com.au/portal.
Frequently Asked Questions
What is the rental yield in St Kilda?
Gross rental yield in St Kilda is approximately 2.4% for houses, 4.4% for units, and up to 6.2% for studios in the Fitzroy Street corridor in 2026.
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