9501/70 Southbank Boulevard, Southbank VIC 3006
9501/70 Southbank Boulevard, Southbank VIC 3006
Unit 9501, Level 95, 70 Southbank Boulevard, Southbank VIC 3006. A three-bedroom, three-bathroom apartment with two car spaces on the 95th floor. The building was completed before 2015.
This apartment occupies an exceptional position within Melbourne’s high-rise market. Level 95 places it among the city’s most elevated residential offerings, commanding panoramic views of the Yarra River and CBD skyline that are rare even within Southbank’s dense skyline. The three-bedroom, three-bathroom configuration with two car spaces is significantly larger and more substantial than the typical one or two-bedroom stock found on lower levels in this precinct. This property is best suited to high-net-worth individuals or executives seeking a premium, centrally located residence with a clear point of difference in scale and height. Its positioning within Southbank offers direct access to the CBD, the river promenade, and a dense network of amenities, while the apartment itself delivers a level of privacy and outlook that mid-floor units cannot match.
The price range suggested for this unit, between $2.95 million and $3.2 million, may reflect a discount from its 2015 sale price of $3.79 million. This could indicate a softening in the luxury apartment segment or specific factors related to this property’s condition or market timing. The reported land size of 2,644 m² is almost certainly the entire complex’s footprint, not the unit’s, so buyers should not expect substantial private outdoor space. The finishes and internal layout are not detailed in available data, meaning a physical inspection is necessary to assess whether the apartment meets the high-end expectations its price demands. Rental yields for this type of property may sit around three to four percent, which might not satisfy investors focused on income return but could be acceptable for those prioritising capital city living and long-term value.
Detailed Independent Property Report prepared by PropCred Analyst team for 9501/70 Southbank Boulevard, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
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
3
Bathroom
3
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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