Elwood vs St Kilda
St Kilda (median $1,810,000) is roughly 21% cheaper to buy into than Elwood ($2,305,000).
Buying in Elwood or St Kilda?
Selling in Elwood? The free selling guide
Elwood and St Kilda side by side
| Measure | Elwood | St Kilda |
|---|---|---|
| Price and market | ||
| Median house | $2,305,000 | $1,810,000 |
| Median unit | $620,000 | $487,500 |
| Renting | ||
| House rent | $1095/wk | $950/wk |
| Unit rent | $608/wk | $630/wk |
| Owner occupied | 47.0% | – |
| Renter occupied | 51.0% | – |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1117 | 1112 |
| Lifestyle and people | ||
| Walk score | – | 100 |
| Transit score | – | 100 |
| Bike score | – | 100 |
| Population | 15,153 | – |
| Median age | 38 | – |
| Climate | ||
| Annual rainfall | 617 mm | 625 mm |
| Mean max, January | 26.4°C | 26.6°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Elwood (1117) sits above St Kilda (1112).
- For buyers
- St Kilda is the lower entry point at $1,810,000 median, 21% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- St Kilda offers the higher gross rental yield (2.73% vs 2.47%), favouring cash-flow investors.
- For families
- Elwood edges out on average school ICSEA (1117 vs 1112).
Elwood vs St Kilda: common questions
Is Elwood or St Kilda cheaper to buy in?
St Kilda has the lower median house price at $1,810,000, roughly 21% below Elwood ($2,305,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Elwood or St Kilda have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Elwood scores 1117 vs 1112 in St Kilda. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Elwood or St Kilda?
Gross rental yield on houses is 2.73% in St Kilda vs 2.47% in Elwood. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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