1306/5 Sutherland Street, Melbourne VIC 3000

Flood overlay confirmed | rental yield strong at 4.5–5.5% | no parking | 30% owner occupancy | 89% aged 20-39 The flood overlay carries a measurable cost: reduced lender appetite and higher insurance premiums, likely adding $1,500–$2,500 annually. The 30% owner-occupier rate signals a renters market, which depresses capital growth but stabilises income yields, at $665–$810 per week the rental return is solid for a two-bedroom. For a buyer, this property works as a long-term hold generating cash flow, not a quick flip—the demographic skew toward young renters supports low vacancy risk but limits resale premium. The absence of parking in a central Melbourne apartment is a material weakness, but the building’s gym, pool and spa partially offset it for the target tenant. The FTTP NBN and 5G coverage are hygiene factors, not differentiators. This unit best serves an investor seeking a reliable yield in a high-demand rental corridor near Carlton Gardens Primary School (1.3km) and University High School (1.7km). To proceed, verify the exact flood overlay category at VicPlan and request the owners corporation insurance history—those two checks will confirm whether the yield holds up after costs.