4008/80 Abeckett Street, Melbourne VIC 3000
4008/80 Abeckett Street, Melbourne VIC 3000
Level 40 in 2014 MY80 tower | CBD core near RMIT and Melbourne Central | Concierge pool skydeck | Investor-heavy rental profile | Aspect parking drive value
This apartment is positioned in a comparatively new high-rise, completed in 2014, which gives it an edge over much of the older CBD stock. The shared amenity is heavily relied upon by residents, with a concierge, pool, spa, gym, cinema and a level 53 sky lounge, and that level of amenity supports both daily living and rental appeal. The location is matched by few other addresses, a short walk from Melbourne Central, RMIT, the State Library and Queen Victoria Market, placing it inside the most convenient band of the CBD. The property is best suited to an investor chasing yield from a broad renter pool, or a city professional or student wanting a locked-and-leave base with strong facilities. Demand is underpinned by the university corridor and the walk-to-work executive market.
Value may be shaped most directly by the exact floor level, aspect, internal size and parking entitlement, none of which is disclosed by marketing alone. The market for this type of property is influenced heavily by rental yield, so fitout condition and the quality of the kitchen and flooring are important. Supply of similar inner-city apartments is steady, which might temper short-term price growth, while the building’s amenity package and centrality should hold demand across market cycles.
>> Comparable Sales: 3803/80 A’Beckett St sold $420,000 as a 2-bed | Property Price Band: $350,000–$450,000 | Value Drivers: floor level, aspect, parking entitlement, fitout condition
Detailed Independent Property Report prepared by PropCred Analyst team for 4008/80 Abeckett Street, Melbourne VIC 3000
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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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
Bedrooms
2
Bathroom
1
Parking
-
Land
50m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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