713/915 Collins Street, Docklands VIC 3008

Yarra River flood overlay | off-market sale risk for resale | 72sqm with car space but no study | premium price for non-premium floor The flood overlay introduces a specific risk mechanism: it may restrict future buyer pools and lender appetite, potentially compressing exit liquidity and extending selling periods. The 72sqm floorplate, while functional, limits appeal to downsizers or investors seeking larger layouts—the premium waterfront address does not fully offset the size constraint. A buyer should treat this property as a medium-term hold with lifestyle utility, not a high-growth trade, given the 2021 sale cycle already captured recent capital gains. Competitively, the uninterrupted Yarra River views and secured car space are rare within Docklands’ new supply—these features anchor rental demand and owner-occupier interest in a precinct with high turnover. The building’s 2018 construction and amenities (pool, gym, residents’ lounge) meet blue-chip expectations without premium body corporate fees typical of older stock. This unit best suits a professional couple or empty-nester wanting lock-and-leave waterfront living; investors should stress-test rental yields against the 2023 weekly rate of $860. Before proceeding, commission a flood overlay report from the City of Melbourne and review the owners corporation’s sinking fund balance—these two steps will confirm whether the risk profile aligns with your hold period.