3505/105 Clarendon Street, Southbank VIC 3006

3505/105 Clarendon Street, Southbank VIC 3006
A 2 bedroom, 1 bathroom apartment on level 35 with one secure parking space, set within a high-rise building in Southbank. A high floor position is offered by this property, a feature that is rare in Southbank’s typical apartment stock and which delivers premium light and views. The inclusion of parking adds further appeal, as some units in the complex lack it. This configuration suits investors and professionals seeking a city-fringe lifestyle with strong rental demand, given the proximity to entertainment, retail, and public transport. The suburb’s character is centered on convenience and activity, making this property less about prestige and more about practical city living. For a buyer focused on yield and location, this unit presents a clear advantage. Value may be influenced by the building’s age and the implications of ownership on a higher level, including potential strata costs. Market conditions since a prior sale suggest some softening for this property type, possibly due to supply dynamics in the precinct. However, the strong rental appeal of the area could support consistent returns, and buyers are encouraged to consider the balance between floor-level premium and long-term property performance.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3505/105 Clarendon Street, Southbank VIC 3006
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
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

1

Parking

1

Land

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