1506/32 Palmerston Cres, South Melbourne VIC 3205

3-bed 123sqm | dual car spaces | near-new Oasis Residences | park-edge city-fringe | premium amenity The apartment is considered one of the stronger owner-occupier offerings in South Melbourne, largely due to its rare combination of 123 square metres of internal space, two secure car spaces, and a near-new build quality within a full-service building. The 15th-floor position, study nook, and direct access to rooftop pool, gym, sauna, and cinema add genuine lifestyle depth for professional couples or downsizers who prioritise both space and convenience. Proximity to Anzac Station and the Botanic Gardens further reinforces its positioning as a city-fringe property with lasting appeal. A key risk centres on the price point entering premium territory for a non-penthouse apartment, which may narrow the resale buyer pool compared to two-bedroom alternatives. However this is partially offset by the scarcity of three-bedroom apartments with two car spaces in near-new condition south of the river. For a buyer seeking a low-maintenance, long-term home with strong amenity and excellent walkability, the property presents limited downside and above-average retention of value.