121/88 Kavanagh Street, Southbank VIC 3006

121/88 Kavanagh Street, Southbank VIC 3006
79 m² 2-bed with parking and pool | Southbank high-density hub | Strong rental yield | Flood overlay A strong rental yield signal is offered by this unit given its size and parking, which is rarely found in this segment. The amenity package, including pool and gym, is considered a competitive advantage. This property is well positioned in Southbank’s high-density corridor, where it is best suited to investors seeking cash flow and owner-occupiers desiring convenience. The 79 m² internal area is regarded as generous compared to many newer units. The flood overlay is a factor that may affect insurance costs and long-term value. The single bathroom is thought to limit appeal compared to modern two-bathroom units. Building age and maintenance history are recommended to be reviewed. Such considerations are weighed when forming a price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 121/88 Kavanagh Street, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk 2
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Market Insight

Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2692m²

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