102/9 Shuter Street, Moonee Ponds VIC 3039

1-bedroom apartment | Moonee Ponds centre | modern finishes | low-rise complex | strong rental yield potential. This unit occupies a competitive position in Moonee Ponds’ compact 1-bedroom market, where supply is constrained and demand is sustained by proximity to the Puckle Street retail strip, public transport, and zoned schools. The modern interior and entertaining courtyard are rare for a one-bedroom in this price tier, giving a buyer a clear edge over older stock. It best suits an investor seeking a sub-$500k entry with a 5.8% yield, or a first-home buyer wanting a low-maintenance foothold in a high-amenity suburb. The main risk is the 2017 purchase price,at $410,000, the current estimate suggests only modest capital growth over nine years, implying the complex may not outperform the suburb median. However, the rental history (leased quickly in 2025) and yield above the suburb average offset this. Buyers should verify body corporate fees and any upcoming special levies, as these erode net returns. Hold for steady rental income; capital upside depends on broader Moonee Ponds gentrification, not this unit alone.