105/60-62 Broadway, Elwood VIC 3184

Flood risk detected | Price guide below past purchase | Rental yield adequate | Suited to owner-occupier or long-term hold The flood overlay introduces insurance premium escalation and buyer pool constraints, likely justifying the current price gap below the 2012 purchase price. The 70sqm floorplate with Miele fit-out and oak floors offers above-average internal specification for a two-bedroom unit in this Elwood pocket. While short-term capital growth appears muted given the -3.2% suburb value change, the property suits a disciplined buyer willing to hold through a cycle, or a tenant seeking a well-appointed home near zoned schools. Competitively, the Miele kitchen and marble benchtops are rare in this price bracket, giving the buyer superior build quality relative to nearby stock. The flood risk is manageable with due diligence on insurance quotes and drainage reports—most lenders still approve loans here. This unit best serves a professional couple or downsizer seeking low-maintenance living in a built-up area with strong rental demand. To proceed, arrange a pre-purchase building and pest inspection, request flood overlay maps from council, and confirm insurance costs before auction day.