St Kilda / Port Phillip

Melbourne's bohemian beachside gem — live music, Luna Park, sunset cocktails, and the highest unit rental yields in the inner city.

Updated March 10, 20265 min read

About St Kilda / Port Phillip

St Kilda occupies a special place in Melbourne's identity — it is the city's beachside playground, where the grinning face of Luna Park has welcomed visitors since 1912 and The Esplanade Hotel (The Espy) has been the beating heart of Melbourne's live music scene for over a century. Fitzroy Street sweeps down from the Junction towards the bay, lined with bars, restaurants, and the iconic palm trees that give St Kilda its subtropical ambiance. Acland Street is a Melbourne institution in its own right — Monarch Cake Shop and its European-style cake window displays have been drawing crowds since 1934, while Cicciolina's back bar remains one of Melbourne's best-kept secrets for a late-night glass of wine. The Sunday Esplanade Market adds artisan crafts and food stalls along the foreshore promenade, overlooking the beach and the St Kilda pier where a colony of little penguins comes ashore at dusk. The Bay Trail cycling path runs along the waterfront from Port Melbourne through St Kilda to Brighton, making this one of Melbourne's best areas for cycling and running. The St Kilda Sea Baths, a heritage salt-water pool and spa complex, sit right on the beach. With direct tram connections to the CBD in 20 minutes and property prices offering genuine value compared to neighbouring South Yarra, St Kilda delivers a unique lifestyle-meets-investment proposition.

Location

St Kilda / Port Phillip in Melbourne, Victoria, Australia

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