215/9 Morton Avenue, Carnegie VIC 3163

2-bed 1-bath 1-car apartment | near station and shops | strong rental yield near 7% | storage cage included | no confirmed building age or floor level This apartment is competitively positioned as a well-located, entry-level unit in Carnegie’s transit-rich core, where walkability to the station and Koornang Road retail strip is a clear advantage. The configuration is standard for this suburb, but the inclusion of a storage cage adds practical value that is not always found in comparable stock. A gross rental yield above 7% signals strong investor appeal, while first-home buyers and downsizers may also find the price point and location attractive. The property sits within Glen Eira, with school zoning for Carnegie Primary and Glen Eira College, which broadens its buyer pool. The absence of confirmed building age, floor level, or aspect means the unit’s internal quality and outlook remain unconfirmed, and these factors may influence its perceived value relative to other apartments in the area. The strata parcel is large, but individual land ownership is limited, which may affect long-term capital growth compared to detached housing. The same-building sale of a larger unit for $632,000 provides a pricing anchor, but this smaller apartment would be expected to trade well below that level. The rental listing suggests active leasing demand, but the yield calculation should be weighed against potential strata fees and vacancy risk.