6609/370 Queen Street, Melbourne VIC 3000

6609/370 Queen St | 2 bed 2 bath 1 car | CBD high-rise | investor-grade configuration | premium location This property offers a competitive advantage through its rare 2-bedroom, 2-bathroom layout with a car space in a Melbourne CBD tower, a configuration that commands stronger rental demand and owner-occupier interest than smaller units. The prime Queen Street address provides immediate access to transport and retail, making it suitable for professionals or downsizers seeking low-maintenance city living, while investors benefit from the consistent tenant pool in this core employment precinct. The primary risk is the high-rise apartment market’s slower capital growth compared to Melbourne’s inner suburbs, compounded by potentially significant strata levies and the need to verify building quality, cladding, and repair obligations. A comparable 2-bedroom unit in the same building sold for $750,000 in late 2024, suggesting the price guide sits near recent market evidence, while rental data at $880 per week indicates strong income potential. This property should be considered a hold for steady rental yield rather than short-term appreciation, with the car space adding tangible advantage in a CBD where parking is scarce.