1813/8 Pearl River Road, Docklands VIC 3008
1813/8 Pearl River Road, Docklands VIC 3008
This two-bedroom, one-bathroom apartment on Level 18 of Marina Tower in Docklands spans 70 square metres with one car space. It offers ducted heating and cooling, built‑in robes, a balcony, and a solar PV system. Building amenities include a rooftop pool, gym, cinema, library, and business centre. Council rates are approximately $1,688 per annum.
What is competitively strong here is the high‑floor position with harbour and CBD views, which is rare for a two‑bedroom unit in this precinct. The property also delivers a very strong rental yield of around 6.72 percent, supported by proximity to the CBD, waterfront lifestyle, and premium building facilities. It sits within a well‑established tower that has a recognised address and a lower density of short‑stay accommodation than newer developments. This unit best suits an investor seeking reliable cash flow or a downsizer wanting convenience, views, and low‑maintenance living without sacrificing amenities. Its size and configuration are also slightly larger than typical two‑bedroom stock in Docklands, adding to its appeal.
Factors that may materially affect value include the building’s age, as it was constructed around 2010, which could mean higher ongoing maintenance levies compared to brand‑new towers. The lack of private outdoor space beyond the balcony might also limit appeal for some owner‑occupiers. Conversely, the installed solar PV system and strong rental demand in the area could support long‑term capital growth. Buyers should weigh these points against the property’s clear advantages in yield and views when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1813/8 Pearl River Road, Docklands VIC 3008
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Docklands is a modern, high-density waterfront precinct offering a dynamic urban lifestyle. Demand is driven by professionals and investors seeking convenience and rental returns, evidenced by strong rental growth and quicker unit sales. Recent price trends show a softening house market with extended selling times, while units demonstrate relative stability. Future growth is anchored in its ongoing development and rental appeal, though sensitivity to broader market conditions and limited house turnover present notable constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
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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