1605/83 Queens Bridge Street, Southbank VIC 3006

Spacious 121m² layout | strong owner-occupier demand in building | dual-access balcony | flood overlay present This property offers a rare combination of size and layout in a building where 95 percent of residents are owners, not renters — a strong signal of long-term liveability and limited turnover. The 121-square-metre internal area with timber flooring and a full-width balcony accessible from both living zones and two bedrooms creates a genuine apartment-as-house feel, which is uncommon in Southbank. The positioning opposite Crown and within walking distance to the Arts Precinct and Royal Botanic Gardens serves a professional couple or small family seeking central amenity without a full house commitment. The split-system heating and cooling and secure parking add practical everyday value, though the absence of ducted climate control may be noted by discerning buyers. The flood overlay is the primary structural risk and may affect insurance premiums or future lending appetite, so a conveyancer should confirm any building-level mitigation measures. The price gap between listing sources suggests the property may sit in a softer segment of the market, particularly given the 47-day average days on market for three-bedroom units in Southbank. Rental demand is solid with a midpoint of $1,135 per week, offering a viable hold strategy if purchase price is negotiated below the higher guide. This is best bought as a long-term residence or a hold for stable yield, not a flip.