16/1023 Dandenong Road, Malvern East VIC 3145

16/1023 Dandenong Road | student-housing micro-market | high-yield but capital-decline | no parking | 500m Monash Caulfield This unit sits inside a dedicated student housing block, which creates a rare yield advantage in Malvern East. The configuration is functional for a single occupant or investor targeting the Monash Caulfield cohort, and the building’s management by Student Housing Australia reduces vacancy risk during academic terms. For a buyer seeking cash flow over capital growth, this property offers a rental yield near 16.5% based on comparable unit sales, far exceeding the suburb median. The inclusion of air conditioning, security entry, and gas in the outgoings strengthens the tenant appeal without adding cost to the owner. The primary risk is sustained capital depreciation, with comparable units showing negative annual growth of 3 to 4 percent over 14 years. The absence of parking and the building’s high tenant turnover limit resale demand to yield-driven investors only. The price guide of $125,000 is below the suburb median of $300,000, which means the entry point is low enough that a total loss scenario is contained. An opportunity exists to hold for income while the building’s rental demand remains stable due to its proximity to the university. Treat this property as a cash-flow holding, not a wealth-building one.