Thinking about buying in St Kilda? Now could not be a better time, with just 143 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $352,000 with prices in this suburb ranging from $234,000 to $462,000. St Kilda is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

St Kilda Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine St Kilda due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in St Kilda leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in St Kilda to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in St Kilda the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Properties for sale St Kilda

	34 whiting st, st kilda, sa, 5110	0	0	0	630000
	46-48 whiting st, st kilda, sa, 5110	0	0	0	299000

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General Points of Interest

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