504/8 Michael Street, Brunswick VIC 3056
504/8 Michael Street, Brunswick VIC 3056
This is a 2-bedroom, 2-bathroom apartment with one car space on the 4th floor in Archer Brunswick, a near-new building. It has timber flooring, an undercover terrace, soaring ceilings, and a northern aspect. The unit sold in 2023 for $790,000.
What is competitively strong here is the combination of a northern aspect and a generous undercover terrace, which is uncommon in newer apartment stock. The soaring ceilings and timber flooring lift the feel beyond standard developer finishes. This property sits in a premium new development in Brunswick, an inner suburb that is densifying but still retains a mixed character of older flats and new builds. It serves best a young professional or couple who wants a high-spec, low-maintenance home with strong natural light and a private outdoor space, without compromising on proximity to the CBD and tram access.
The 2023 sale price of $790,000 provides a clear recent benchmark, but the market may have shifted since then. The property’s value might be influenced by how the Archer building ages compared to older stock in the area, particularly regarding common area maintenance and body corporate fees. Its northern aspect and terrace are genuine differentiators, but a buyer should weigh whether the premium for these features is justified relative to other 2-bedroom units in the same building. Rental demand in Brunswick is strong, so the yield potential may support the price, but this depends on achieving market rent for a 2-bedroom unit in this specific complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 504/8 Michael Street, Brunswick VIC 3056
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Brunswick presents a stable, well-connected urban market where demand is bifurcated. Young professionals and investors drive strong interest in units, attracted by solid rental yields and proximity to the CBD, while families compete for a limited supply of houses, supporting steady sales volumes. Recent price trends show houses in a period of stability, whereas the unit segment has demonstrated more dynamic movement. Future growth remains anchored to its transport links and enduring rental appeal, though high entry prices for houses present a persistent affordability constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1606m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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