1806/5 Sutherland Street, Melbourne VIC 3000
1806/5 Sutherland Street, Melbourne VIC 3000
High-floor apartment | 2013 tower with resort amenities | CBD professional rental demand | contemporary fitout | inner-city convenience
This apartment is considered a strong inner-city holding for its elevated position within a 2013-built tower that is equipped with a full amenity set, including gym, pool, spa, sauna, and secure entry. Contemporary finishes, such as stone benchtops, Miele appliances, and double-glazed windows, are consistently preferred by CBD renters and owner-occupiers. The property is situated within a densely serviced section of Melbourne, with retail, dining, and public transport within a short walk, making it best suited to professionals or investors seeking a low-maintenance urban base with reliable tenant interest.
The absence of dedicated parking may be considered a drawback by some buyers, and the specific orientation of the apartment is likely to influence light and noise levels. The property’s value might also be affected by the standard of common-area maintenance and the volume of new apartment supply in the immediate area. A winter garden or upgraded internal finishes, where included, could be expected to support a premium, while a dated presentation might necessitate a price adjustment.
Detailed Independent Property Report prepared by PropCred Analyst team for 1806/5 Sutherland Street, Melbourne VIC 3000
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Melbourne 3000’s inner-city position, defined by strong walkability and established transport links to employment hubs, sustains broad demand from owner-occupiers, downsizers, investors, first home buyers, students, and returning professionals. This diverse pool is met with constrained supply, evidenced by a tight vacancy rate of 1.3% and robust sales activity up 9.8% year-on-year. House values sit at $977,579 with 5.5% annual growth, while units record $642,431 and 2.7% growth, the latter highlighting relative affordability amidst shifting buyer preference. Rental fundamentals diverge sharply: houses yield 1.84% with a $650 weekly median, units yield a strong 8.00% with $675 weekly rents, underscoring investor focus on higher-density stock. Future drivers remain supportive—population growth, urban renewal, and scarcity of quality stock—but risks are mounting. New listings, up 17.5–18%, are easing supply tightness, while rate hikes and affordability pressures are softening buyer sentiment. Victoria’s land tax regime is a further drag on investor activity.
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PropCred Estimated Value
Comparable Sales: 2206/5 Sutherland Street sold $600,000; 403/5 Sutherland Street sold $375,000 | Property Price Band: $500,000–$600,000 | Value Drivers: elevated floor level, contemporary fitout, building amenity access.
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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