2003/18 Hoff Boulevard, Southbank VIC 3006
2003/18 Hoff Boulevard, Southbank VIC 3006
High-spec Melbourne Square tower | Miele kitchens, double glazing | Pools, gym, cinema, gardens | Owner-occupier and downsizer appeal | Tower-density tradeoff
This property is positioned at the premium end of Southbank’s apartment market. It is delivered within a mixed-use precinct with retail convenience and an amenity package: pools, gym, cinema, private dining, gardens. The apartments are specified with floor-to-ceiling glazing, Miele kitchens, and stone benchtops, placing them above standard investor stock. High-floor residences are afforded bay, city, and park views, giving the property scarcity value. It is suited to owner-occupiers and downsizers seeking a secure, low-maintenance home, with appeal for investors.
Value may be influenced by floor height and aspect, as higher-level apartments are seen to command a premium over lower or south-facing stock. Car space entitlement may also be considered, and multi-car configurations are regarded as scarce. Body corporate fees may need to be weighed, and resale appeal might be shaped by how the building’s finish is maintained against newer towers.
>> Comparable Sales: a 3-bed, 2-bath residence at this address sold Nov 2023 | Property Price Band: $1.2M–$1.3M | Value Drivers: floor level, outlook, car entitlement
Detailed Independent Property Report prepared by PropCred Analyst team for 2003/18 Hoff Boulevard, Southbank VIC 3006
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Southbank’s inner-Melbourne position and transport links around St Kilda Road and Southbank Boulevard underpin activity, but the market is overwhelmingly a unit market: 596 unit sales against 7 house sales in the past year. Unit demand is driven by renters and investors, with median weekly rents holding at $695 for both houses and units and units averaging 45 days on market. Price signals are mixed: unit medians range from $501,850 to $555,000, with annual growth between -2.55% and -18.2%; house data is unreliable, with medians of $450,500 and $862,000 and growth of -64.3% on just 2-7 transactions. Infrastructure and rental stability support future demand, but thin house supply, softening unit prices, and 45-55 day selling periods are constraints.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst