1207/915 Collins Street, Docklands VIC 3008
1207/915 Collins Street, Docklands VIC 3008
Waterfront position | split-bedroom privacy | premium 2019 build | strong rental demand | car space included
This unit sits in the newer tier of Docklands stock, where the waterfront address and 2019 completion already separate it from older apartment towers in the area. The butterfly floorplan is a genuine advantage for a two-bedroom layout, giving occupants separation rather than the typical side-by-side arrangement found in most high-rise product. That privacy, combined with full-height glazing, a car space, and building amenities like the pool, gym, and concierge, makes this a property that appeals most to owner-occupiers who want low-maintenance living without sacrificing a sense of space. It also holds strong appeal for professional tenants, which supports the rental profile. The mid-level position at floor 12 keeps it above podium noise while still offering a comfortable outlook, and the Collins Wharf precinct itself carries a more polished, planned character than older parts of Docklands.
Value may be influenced by the exact outlook from this particular stack, as views in the building vary noticeably by floor and orientation. The flood overlay flagged for the site is worth understanding, though it does not appear to have dampened demand for similar units in the tower. The split-bedroom layout and car accommodation are features that tend to hold value better than compact one-bedroom stock in the same precinct. Buyers should weigh the building’s amenity package against strata fees, which are typically higher in full-service towers, and consider how the unit’s internal condition compares to others in the building that may have been upgraded since completion.
|| Comparable Sales: 1111/915 Collins Street sold at $750,000; 510/915 Collins Street sold at $818,000 | Property Price Band: $700K–$800K | Value Drivers: floor level outlook, internal condition, split-bedroom layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1207/915 Collins Street, Docklands VIC 3008
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Docklands is a high-rise waterfront precinct on Melbourne’s CBD fringe, drawing professionals, investors and owner-occupiers seeking modern urban living. Rental demand is robust: house rents surged 47.1% over the year to $1,140 weekly, while unit rents rose 4.5% to $700. Units are the more active segment, selling in a median 47 days versus 63 days for houses. Price performance is mixed: median house values range from $955,000 (REIV) to $1.47 million (Woodards), with one source showing an annual decline of 16.8%; unit medians sit near $580,000–$595,000, with annual falls of 1–4%. House sales are thin, as few as three transactions in a year, and house days on market have lengthened sharply. Gross rental yields for units are strong at around 6%, compared with roughly 2% for houses. Ongoing waterfront development and lifestyle appeal underpin future interest, but affordability, rate sensitivity and weak house turnover remain key constraints.
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PropCred Estimated Value
Comparable Sales: 1111/915 Collins Street sold at $750,000; 510/915 Collins Street sold at $818,000 | Property Price Band: $700K–$800K | Value Drivers: floor level outlook, internal condition, split-bedroom layout
Bedrooms
2
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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