207/119 Poath Road, Murrumbeena VIC 3163
207/119 Poath Road, Murrumbeena VIC 3163
2 bed 2 bath apartment | Poath Road corridor | owner-occupier and investor mix | established building stock | secure car space included
This unit sits in a mature apartment pocket where 2/2/1 configurations are consistently sought after by downsizers and first-home buyers alike. The building has a track record of long holds, which usually points to stable living conditions and reasonable body corporate management. For a buyer wanting low-maintenance living with genuine transport and retail access, this floorplan works well without the premium attached to newer developments along the same strip.
The value picture here depends heavily on level, aspect, and internal condition. Older apartment stock in this corridor can feel dated if kitchens and bathrooms haven’t been refreshed, so the fitout will matter when comparing against newer supply. The recent sale of another unit in the same building at a higher figure suggests strong demand for this configuration, but that price likely reflected superior presentation or a better outlook. A buyer should weigh what upgrades might be needed and how those costs affect overall value.
|| Comparable Sales: 406/119 Poath Rd sold $600k; 203/119 Poath Rd sold $736k | Property Price Band: $550k–$650k | Value Drivers: internal condition, floor level, outlook and balcony size
Detailed Independent Property Report prepared by PropCred Analyst team for 207/119 Poath Road, Murrumbeena VIC 3163
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Murrumbeena sits 13km southeast of Melbourne, a tree-lined, art-deco suburb rejuvenated by the train station upgrade and sky rail. Demand is driven by 30-39 year-olds—the dominant cohort—with families making up 46.7% of households and 62.9% owner-occupiers. House prices are elevated but directionless: medians range from $1.605m to $1.71m, with annual growth between -3.0% and +5.9%. Units are weaker, with medians from $420k to $661k and declines as steep as -25% annually. Stock turns in 25-38 days, yet sales volume is thin at roughly 62-115 houses a year. Gross yields are modest for houses (2.57%) but stronger for units (4.4-5.3%), which rent for around $500 weekly versus $672-$825 for houses. The infrastructure upgrade and urban renewal underpin future demand, but affordability constraints and rate sensitivity loom given high entry prices and soft unit performance.
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PropCred Estimated Value
Comparable Sales: 406/119 Poath Rd sold $600k; 203/119 Poath Rd sold $736k | Property Price Band: $550k–$650k | Value Drivers: internal condition, floor level, outlook and balcony size
Bedrooms
2
Bathroom
2
Parking
1
Land
1404m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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