3304/180 City Road, Southbank VIC 3006

Capital growth constrained | 0.90% long-term building performance | Low turnover depth | Yield potential above 7% suggests rental upside. The building’s long-term capital performance imposes the primary risk for a buyer here. Comparable sales show annualised growth of 0.48% to 1.27% over extended hold periods, which severely undermines equity accumulation relative to Southbank’s broader median. The unit’s 12-year growth trajectory mirrors unit 1704’s 0.90% – effectively a holding position, not a wealth-building one. The compensating opportunity sits on the rental side: nearby units achieve yields above 7%, offering genuine income flow if strata levies remain manageable. For a buyer, this property is a cash-flow play, not a capital-gain vehicle. What makes this unit competitively defensible is its entry price point below $500,000 in a prime Southbank corridor, which is rare. Sunlit layout and proximity to Woolworths, the arts precinct, and Yarra dining reduce tenant vacancy risk. It best serves an investor seeking yield with CBD adjacency, or a first-time buyer prioritising lifestyle over land appreciation. There is no FTTB or FTTP advantage here to shift the decision. To clarify your position, request the full strata register and building audit to confirm whether sinking fund contributions have kept pace with a 12-year-old tower’s maintenance needs.