5/519 Mt Alexander Road, Moonee Ponds VIC 3039
5/519 Mt Alexander Road, Moonee Ponds VIC 3039
2-bed unit | 1-bath | 1-car | $595/wk rent | Inner-north corridor
This apartment on Mt Alexander Road offers a practical two-bedroom, one-bathroom, one-car footprint that suits first-home buyers, investors, or downsizers wanting a low-maintenance inner-urban base. The corridor is one of Moonee Ponds’ more established apartment strips, with direct tram access, a short walk to Puckle Street retail and the station, and Queens Park nearby. Rental demand is supported by these advantages, and the $595 weekly rent attached to this unit signals solid income potential. The building’s position on a busy arterial road is typical for this locale, but the convenience factor is genuinely strong. Buyers wanting a quiet garden feel should look elsewhere; this is city-fringe living with everything at the doorstep.
The busy arterial frontage may create noise and traffic exposure, so floor level, glazing, and aspect need careful assessment. Value might be influenced by the quality of common areas, lift access, and any recent upgrades to the kitchen or bathroom. Because the building’s exact age and finish level are not fully known, a professional inspection is advisable. The typical compact floorplan for this stock usually works well, but smaller rooms could feel tight for some owners. Orientation and natural light may vary significantly by apartment position, which will affect both liveability and resale appeal. Condition, presentation, and any outdoor space are the key variables that could shift the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/519 Mt Alexander Road, Moonee Ponds VIC 3039
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Moonee Ponds sits as an established inner-city market with a median house price of $1,557,500, well above the metro average of $955,000. Demand is underpinned by a rapidly growing population, a dominant buyer demographic in their 30s, and strong household incomes. Houses have recorded 3.8% annual growth but softened 7.5% in the quarter, while units are flat at $573,000, down 1.2% annually. The 36-day selling period matches metro conditions, yet a clearance rate of 66.1% trails the 81.4% benchmark, indicating weaker buyer competition. Rental yields of 5.2% for houses and 5.3% for units remain supportive, but affordability constraints and recent quarterly price falls present near-term headwinds.
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PropCred Estimated Value
Comparable Sales: 305/701 Mt Alexander Road sold ~$580K in 2021; 533-535 Mt Alexander Road unit sold ~$610K in 2022 | Property Price Band: $560K–$660K | Value Drivers: 2-bed layout, rental yield, arterial access
Bedrooms
2
Bathroom
1
Parking
1
Land
1234m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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