In 1955 a typical St Kilda house was about $10,500, or 6.2 years of an average wage. In 2026 it is about $1.6M, or 16 years. Here is the decade-by-decade version, what was standing when, and what her block does now.
Modelled, not measured. Prices are the Melbourne median house price of the day (rounded, dollars of the day) scaled to where St Kilda sits against the city median in 2026, blended toward the median for earlier decades because suburbs move up and down the ladder. Wages are national average full-time earnings. Treat every figure as "about". For actual sales history, ask an agent or the state valuer.
Commission homes on the fringe; weatherboards and brick closer in.
Triple-fronted cream brick, timber floors on stumps.
Brown brick project homes, ducted gas, a family room.
The ensuite arrives. Rumpus rooms and pergolas.
Four-two-two under one roof. Federation-revival gables.
Biggest houses in the world. Alfresco and theatre room.
Dual occupancies everywhere. Black frames and butler's pantries.
7-star, no new gas, townhouse pairs. Or a rebuild on Nan's.
Includes ~25% infill that replaced an earlier house.
Rebuild pressure in St Kilda is low. Streets look much as they did. Occasional renovation, very little demolition. Apartment conversions and the occasional new mid-rise. The Victorian mansions and interwar flats are protected.
Locals know: Interwar apartment blocks are St Kilda's signature housing, and their 1930s plumbing and wiring are their signature problem.
A typical St Kilda block is 300-800m², plus a lot of flats. Three realistic paths in 2026.
Blocks of 300-800m², plus a lot of flats in St Kilda commonly support two dwellings, subject to overlays. Two townhouses typically $650K-$900K each to build, plus a 6-12 month permit.
Read the guideOne 230-280m² family home on the full block, $650K-$1.2M depending on builder tier and suburb.
Read the guideRestump, rewire, roof and a bathroom: $70K-$140K to bring an old Melbourne house up to modern comfort.
Read the guideModelled on the Melbourne median of the day and St Kilda's current position relative to the city, a typical St Kilda house was around $16,000 in 1965, or about 5.7 years of an average full-time wage. In 2026 it is around $1.6M, or about 16 years of wages. These are indicative figures, not sales records.
Roughly 25% of today's homes in St Kilda are infill: townhouses, courtyard homes or rebuilds that replaced an earlier house. Rebuild pressure is low: Streets look much as they did. Occasional renovation, very little demolition.
The largest share of St Kilda (40%) is villas and cottages (1850s-1910s). Victorian and Edwardian weatherboards and brick terraces, iron lace, slate or iron roofs, timber floors on stumps, rooms off a hall.
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