12/2 Alexandra Avenue, Moonee Ponds VIC 3039

Top-floor in boutique block | balcony outlook | parking included | separate laundry | strong rental suburb The top-floor position within a block of only twelve provides a rare level of privacy and spatial separation not commonly found in larger apartment buildings. The inclusion of a separate laundry, undercover balcony, and secure parking adds genuine functional advantage for a one-bedroom unit in this price bracket. This property serves best a first-home buyer seeking an immediate liveable home with low ongoing maintenance, or an investor targeting the strong rental yield profile of Moonee Ponds. The main risk is the limited natural light and outlook from a single-aspect layout, which may reduce appeal for some owner-occupiers. The building’s 45% owner-occupier ratio suggests reasonable tenure stability but not the tightest holding pattern. The opportunity lies in the suburb’s 6.3% rental yield and proximity to Puckle Street and tram access, which supports consistent tenant demand and potential for capital growth as the area densifies around the Junction.