1203/3 Aquitania Way, Docklands VIC 3008
1203/3 Aquitania Way, Docklands VIC 3008
Loft-style three-bedroom layout | North-west light with double-height ceilings | Premium Docklands amenity building | Strong executive and downsizer appeal
This is a genuinely distinctive Docklands apartment, not just another standard unit. The three-bedroom, two-bathroom configuration with a mezzanine study or third bedroom delivers real spatial flexibility, and at roughly 108 square metres it sits well above the typical one and two bedroom stock that dominates the suburb. The double-height concrete ceilings, full-height glazing, and timber floors give it an architectural character that is rare in this precinct, and the north-westerly aspect means good natural light through the afternoon. The building’s amenity package, including pool, spa, gym, rooftop garden, and library, adds a layer of convenience that supports both owner-occupier comfort and rental appeal. This property is best suited to a professional couple, a downsizer wanting city access without suburban maintenance, or an investor targeting executive tenants who value space and design.
The pricing picture within the building suggests the loft format and larger floorplan carry a genuine premium over conventional two-bedroom units. A two-bedroom apartment in the same complex has been listed in the mid-six hundreds, while a two-bedroom loft has leased at $850 per week, which indicates strong rental demand for the larger, more distinctive layouts. The mezzanine configuration may not suit every buyer, particularly those who prefer single-level living, and the apartment-dominant nature of Docklands means street-level character is limited compared with established inner suburbs. Strata levies in a building with this level of amenity may be higher than average, and that should be weighed against the lifestyle and rental benefits. The north-west aspect and internal condition will likely be the key differentiators when forming a view on price.
|| Comparable Sales: 303/3 Aquitania Way sold around $850k–$925k in early 2020; 601/3 Aquitania Way listed near $635k–$695k | Property Price Band: $800K–$900K | Value Drivers: loft layout rarity, north-west light, building amenity quality
Detailed Independent Property Report prepared by PropCred Analyst team for 1203/3 Aquitania Way, Docklands VIC 3008
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Docklands is a high-rise waterfront precinct on Melbourne’s CBD fringe, drawing professionals, investors and owner-occupiers seeking modern urban living. Rental demand is robust: house rents surged 47.1% over the year to $1,140 weekly, while unit rents rose 4.5% to $700. Units are the more active segment, selling in a median 47 days versus 63 days for houses. Price performance is mixed: median house values range from $955,000 (REIV) to $1.47 million (Woodards), with one source showing an annual decline of 16.8%; unit medians sit near $580,000–$595,000, with annual falls of 1–4%. House sales are thin, as few as three transactions in a year, and house days on market have lengthened sharply. Gross rental yields for units are strong at around 6%, compared with roughly 2% for houses. Ongoing waterfront development and lifestyle appeal underpin future interest, but affordability, rate sensitivity and weak house turnover remain key constraints.
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PropCred Estimated Value
Comparable Sales: 303/3 Aquitania Way sold around $850k–$925k in early 2020; 601/3 Aquitania Way listed near $635k–$695k | Property Price Band: $800K–$900K | Value Drivers: loft layout rarity, north-west light, building amenity quality
Bedrooms
3
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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