The recent media attention regarding St Kilda's rate puts the focus on crime rates and suburb demographics when determining where people may or may not wish to reside.
As the following article recently published by RealEstate.com.au states, rising crime rates in the St Kilda area have impacted price growth, and while apartment sales remain strong, young single women appear to be avoiding the area, presumable due to safety concerns - https://www.realestate.com.au/news/why-st-kildas-property-market-is-thriving-despite-rising-crime/.
The suburb capital growth report we have run below shows that house prices in St Kilda have grown barely just above 1% annually over a 10-year period.
As an investor, keeping an eye on these types of trends is critical to stay ahead of the game to identify which suburbs and sectors of the market might provide good long term value - although St Kilda, an inner seaside suburb in Melbourne with a median price $1.5 million, could be having short-term crime problems, it could also provide a fantastic opportunity to invest in a seaside location with excellent gentrification potential.
