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The popular lifestyle suburb St. Kilda has strong historical capital growth for property investment. St. Kilda is right on the bay, but also within 10km of Melbourne’s CBD. It also is very close to neighbouring suburb Elwood to offer some diversity and depth to the general area.
St. Kilda has gentrified over the last 10 – 15 years and the apartments that dominate the suburb are home to many owner-occupiers and tenants. Because of the continual strong they make great property investments. There is ample public transport in the region and the great local shopping facilities and nightlife draw a younger demographic to the suburb.
The west side been the premium end of St. Kilda for many years. It has the bay on one side and parkland on the other and has easy access to the city by light rail.
St.Kilda West still retains a Victorian character and has a lower concentration of 1950s and 1960s apartments compared to its more famous neighbour and has close proximity to Fitzroy Street – one of the main streets in St. Kilda where a lot of cafés, restaurants and amenities are located.
St. Kilda East has a lower entry price than St. Kilda and St. Kilda West but still offers great amenity with the Balaclava Rd shopping strip, trams up Chapel St. and Dandenong Rd and a train station at Balaclava.
Over the years the experiences Buyer’s Agents at Metropole have helped many property investors and home buyers purchase in this area. Why not click here and leave your details so we can be in contact and help you with your property search the best investment property for your portfolio in St. Kilda.