1/390 New Street, Brighton VIC 3186

1/390 New Street, Brighton VIC 3186
Older strata unit|New Street central Brighton|walk to Bay Street and Church Street|downsizer and investor demand|renovation upside This unit is positioned within a well-established New Street complex and is supported by a genuinely central Brighton address. Bay Street and Church Street retail, dining, public transport, and Cabrini Brighton Hospital are all accessed immediately, with the location being the primary strength of this property. Solid construction is typically found in units of this era, and while finishes may be dated, the envelope is considered a sound renovation base. A low-maintenance Brighton foothold is offered for downsizers, while investors are served by the amenity-rich corridor, making this property a practical entry into a high-value suburb. Value may be influenced by internal condition and the quality of prior updating. Light and privacy might be determined by orientation and floor level, ground-floor units offering courtyard access. Strata levies, common-area maintenance, and car accommodation may be raised by building age. Renovation costs may need to be weighed against location premium.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/390 New Street, Brighton VIC 3186
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Brighton VIC retains prestige bayside appeal, yet the current pricing cycle is mixed. House medians range from $3.125m to $3.31m, with annual growth flat to -8% depending on source; REIV records a 2.8% quarterly dip. Units are the weak spot: Property.com.au shows a 13.8% annual price decline, and REIV an 8.8% quarterly fall. Underlying rental demand is firm—vacancy is a constrained 0.6% against the 3% healthy benchmark, house rents have risen 8% annually, and rented house volumes are up 19%. This is drawing interest from investors seeking yield, while high-income owner-occupiers sustain the premium house segment. The main constraint is affordability and rate sensitivity, with slower unit sales (108 days on market) signalling further downside risk.
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PropCred Estimated Value

Comparable Sales: 11/390 New Street 2/2/2 apartment sold under contract; 1/396A New Street 4 bed townhouse circa $2.4M to $2.6M | Property Price Band: $1.2M to $1.3M | Value Drivers: central Brighton location, unit condition, car accommodation

Bedrooms

3

Bathroom

2

Parking

2

Land

1327m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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