4512/70 Southbank Boulevard, Southbank VIC 3006
4512/70 Southbank Boulevard, Southbank VIC 3006
This is a 2-bedroom, 2-bathroom apartment on Level 8 of the Australia 108 tower in Southbank. It spans 70 square metres internally and includes ducted heating and cooling, floorboards, an on-site pool and gym, and fibre-to-the-premises broadband. Parking is not confirmed.
What makes this property competitively strong is its configuration within a landmark building. A two-bedroom, two-bathroom layout with ducted climate control is uncommon in Southbank’s apartment stock, where many units offer only one bathroom and split-system cooling. Being on Level 8 in a tower of over 100 floors provides a genuine sense of height and outlook, which matters for both liveability and future resale appeal. The building itself is only six years old and was designed by a respected architectural firm, so the common areas and structure should hold their condition well. This property best suits a professional couple or an investor targeting the upper end of the rental market, where tenants expect modern finishes and resort-style amenities.
The main factor that may affect value is the unresolved parking situation. If no secure space is allocated, that could narrow the buyer pool and put downward pressure on price, particularly for owner-occupiers who rely on a car. The presence of both a flood overlay and a heritage overlay on the property may also influence insurance costs and limit future alterations, which a buyer should investigate. On the positive side, the estimated rental yield appears strong relative to typical Melbourne apartment returns, which might offset the parking concern for an investor. The property sits within a high-demand corridor near entertainment and transport, so vacancy risk is likely low, but the trade-off is a neighbourhood that leans transient and can be noisy during peak events.
Detailed Independent Property Report prepared by PropCred Analyst team for 4512/70 Southbank Boulevard, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
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
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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