St Kilda sits 6km south of the CBD on Port Phillip Bay. Median house price $1.95M, units $520k, studio apartments from $285k. GeeVee scores St Kilda at 7.2/10 — a suburb where yield is the headline story (studio apartments up to 6.2%) but management complexity and short-stay regulations require careful navigation.
GeeVee Suburb Score: 7.2/10
| Factor | Score | Notes |
|---|---|---|
| Capital Growth | 6/10 | +3.8% YoY houses, +2.9% units — below Melbourne average |
| Rental Yield | 8/10 | Houses 2.8%, units 4.8%, studios up to 6.2% |
| Short Stay Potential | 9/10 | Acland Street, beachfront, Luna Park — very high Airbnb demand |
| Infrastructure | 7/10 | Trams, beach, Fitzroy Street — no train station |
| Vacancy Rate | 7/10 | 1.4% — higher than inner-north comparables |
| Entry Cost Risk | 8/10 | $285k studios accessible — lowest inner-Melbourne entry point |
GeeVee Verdict
St Kilda is Melbourne’s best short-stay and high-yield play, not a capital growth suburb. Studios at $285k with 6.2% yield (or short-stay income potentially higher) offer the lowest entry cost in inner Melbourne. The risk is vacancy (1.4% vs 0.7% in inner-north) and management complexity in a short-stay-regulated market. Growth investors should look elsewhere — yield and income investors should look closely.
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