2604/648 Lonsdale Street, Melbourne VIC 3000

26th floor | CBD address | two-bedroom | Southern Cross doorstep This unit positions a buyer well within Melbourne’s inner-city apartment market, where the combination of a high floor, balcony with CBD views, and immediate access to Southern Cross Station is uncommon for a two-bedroom layout. The modern kitchen with stone surfaces and integrated climate control reduces the need for immediate upgrades, while the building’s rental yields between 5.75 and 6.03 percent signal consistent tenant demand. It suits an investor seeking a low-maintenance holding in a transport hub, or a professional wanting walk-to-work convenience without compromising on finish. The primary risk is capital growth; historical sales in this building show flat or negative long-term returns for some two-bedroom units, meaning this property is better suited for income than appreciation. The high tenant turnover,46 percent stay under three years,adds leasing costs and vacancy gaps. On the opportunity side, the Skybus proximity and university catchment support a steady renter pool, and the parking space (where included) lifts appeal over comparable CBD stock. Hold this for cash flow, not speculation, and review the strata reports for sinking fund health before committing.