318 Queen Street, Melbourne VIC 3000

CBD high-rise | 2020 build with heritage facade | indoor urban forest rarity | strong rental yield | tenure suggests long-hold investor preference This unit presents a competitively modern CBD residence within a tower distinguished by its indoor urban forest, a rare amenity that elevates it above standard high-rise stock. Its central positioning adjacent to universities and retail caters decisively to the professional and student rental markets, evidenced by achieved high-yield leases. The property serves the long-term investor, given building tenure data shows predominant six-to-ten-year holds, aligning with a strategy of capturing rental demand over speculative turnover. Decision hinges on accepting compressed capital growth, as recent comparable sales within the building demonstrate consistent negative annualised change. Your position requires committing to the substantial rental yield to offset muted appreciation, treating this as an income-focused holding within a premium, amenity-rich building. Proceed only if your portfolio strategy prioritises durable yield over short-term equity gain in a saturated CBD apartment market. Recent sales in the building show a pattern of value decline on a per-annum basis for most holdings. Unit 2604 sold for $550k in December 2025 after eight years, representing an annual loss. Unit 1802 sold for $490k, a -3% annual change over eight years. This establishes a building-specific trend of depreciation that must be factored into any offer.