4005/45 Clarke Street, Southbank VIC 3006
4005/45 Clarke Street, Southbank VIC 3006
High-floor 2/2/1 apartment | Southbank tower with lake views | Strong owner-occupier layout | Premium rental potential
This apartment is competitively positioned within Southbank’s high-rise stock, as its two-bedroom, two-bathroom configuration with a car space is less common than the typical investor-grade one-bedroom units in the suburb. The high-floor location on Level 40 is a genuine advantage, offering superior daylight, noise separation, and likely sweeping views over Albert Park Lake and Port Phillip Bay, which typically commands a premium over lower-floor equivalents. It is best suited to owner-occupiers such as professional couples or downsizers who value city-fringe convenience and low-maintenance living, as well as investors targeting the stronger end of the rental market.
The property’s value may be influenced by its reliance on strata management and lift performance, which are material considerations for a high-floor unit in a dense tower. The reported prior sale price of $570,000 in early 2023 provides a recent benchmark, but broader market conditions and the building’s age and amenity quality could affect achievable price today. The advertised rental return of $750–$800 per week for a similar unit in the same building suggests strong income potential, though this depends on actual tenant demand and vacancy levels in the current cycle.
Detailed Independent Property Report prepared by PropCred Analyst team for 4005/45 Clarke Street, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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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
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Reviewed by Matt Proctor, Principal Analyst
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