2105/118 Kavanagh Street, Southbank VIC 3006

2105/118 Kavanagh Street, Southbank VIC 3006
21st-floor apartment | 2-bed 2-bath 1-car | bay and city views | 8-star energy rating | flood overlay noted This apartment sits in a competitive position within Southbank’s high-rise stock. Its 21st-floor elevation with bay, river, and city views is genuinely uncommon for a 2-bedroom configuration, and the 8-star energy rating, double glazing, and full-length balcony lift it above typical offerings. The building’s heated pool, tennis court, and concierge appeal most to downsizers seeking lifestyle security and to professionals wanting a lock-and-leave home with strong rental potential. The 64-square-metre floor plan is efficient for two bedrooms, though not oversized, which suits buyers who prioritise location and amenity over sheer space. The flood overlay on this site may affect insurance premiums or lending criteria for some buyers, so it is worth confirming with the body corporate and insurer early. The 2021 sale history suggests some price growth since then, but the current asking range aligns with a premium for the high floor and views rather than the building’s age or finishes. Buyers should weigh the value of those panoramic views against the strata fees typical of a full-amenity tower, as those costs can narrow the pool of future purchasers if the market softens.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2105/118 Kavanagh Street, Southbank VIC 3006
Checks found:
Value Risk 2
Liquidity Risk 2
Planning Risk 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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