1109/1 Balston Street, Southbank VIC 3006

Balston Street | flood overlay uncertainty | compact layout with city views | rental yield above area median | study adds flexibility The property presents a genuine opportunity for a buyer seeking yield in a competitive market, but the unresolved flood overlay—flagged in one source and absent in others—introduces a risk mechanism that could affect insurance costs and future resale. A direct check with VicPlan is the only commercially sound step before commitment. The 7.71% rental yield outpaces the Southbank median, supported by proximity to daily amenities and the 24-hour concierge, which reduces vacancy risk for an investor. For an owner-occupier, the study and northeast balcony offer functional living for a professional, but the compact bedroom and absence of parking may limit longer-term holding. The judgment is this: buy for yield or short-term occupation, not for capital growth without further overlay verification. What is competitively strong here is the rental yield, which sits significantly above the suburb’s median of $385,000, and the rare combination of a study, city views, and a 25-meter pool in a building with round-the-clock concierge—features that command a premium in the rental market for young professionals. The property best serves an investor prioritizing cash flow or a first-time buyer willing to trade space for location and reduced maintenance. Last sold in 2015, the current price reflects a softer market, yet the income potential offers a buffer. Action this with a due diligence partner to confirm the overlay status and secure a building inspection before engaging further.