18/2 Wellington Cres, East Melbourne VIC 3002

Vendor price ambition high | building mixed owner-renter ratio | market softening with 52% clearance | long exposure risk if overpaying. The pricing range significantly exceeds the 2020 auction result and sits well above East Melbourne’s two-bedroom median, meaning the buyer absorbs a premium for this specific building’s location and size. With an auction clearance rate of only 52% and units averaging 64 days on market, a re-sale within two to three years carries measurable risk of capital loss unless demand tightens substantially. Hold for seven years or more, or use as a long-term owner-occupied home where market timing matters less. The 96-square-metre internal area is genuinely rare for a two-bedroom apartment in this market, offering liveable space that competing units cannot match. Combined with two parking spaces in a central East Melbourne location, this property appeals most to downsizers or professionals seeking a permanent home rather than a trade-up investment. The building’s 60% owner-occupier rate supports stable building management and resident quality, which underpins long-term value for a committed buyer. To secure this property at a sensible price, instruct your buyer’s advocate to run a pre-offer building inspection and compare against actual settled sales in the building, not just the agent’s guide.