5/2-18 Bourke Road, Oakleigh South VIC 3167

3-bedroom unit | single bathroom | one car space | bushfire overlay noted | strong capital growth in complex This property sits within a complex where comparable units have demonstrated significant long-term capital growth, with one unit rising from $137,000 in 1999 to $780,000 in 2025. For a buyer, this trajectory suggests the location and complex have enduring demand fundamentals, likely driven by the school catchment and reliable connectivity infrastructure. The 163m² lot and compact configuration suit an investor or first-home buyer seeking lower-maintenance exposure to the Oakleigh South market, where standalone houses on larger blocks command substantially higher entry points. The bushfire overlay is the primary risk, potentially affecting insurance premiums and lending criteria, though no flood or heritage constraints were detected. The single bathroom and one car space limit appeal for families but sharpen the buyer profile toward singles, couples, or investors targeting rental demand from nearby schools and transport. The absence of recent comparable sales within the complex itself creates some pricing uncertainty, though the broader market data for the street supports a measured entry. Hold this property for medium-term capital growth rather than immediate yield, and verify the overlay’s specific impact on your borrowing capacity before proceeding.