1212N/889 Collins Street, Docklands VIC 3008
1212N/889 Collins Street, Docklands VIC 3008
2 bed 1 bath north-facing | premium amenity tower | flood overlay flagged | strong rental demand in Docklands
This apartment sits within a high-amenity waterfront tower that stands apart from much of Docklands’ standard stock. The north-facing orientation, likely given by the “N” suffix, should provide good natural light and possibly city or river views from the balcony. The building’s resort-style facilities—pool, spa, gym, lounge, gardens—are a genuine competitive edge, especially for owner-occupiers who value lifestyle convenience. The unit is best suited to young professionals or downsizers seeking low-maintenance living near Southern Cross Station and the CBD, while investors will be attracted by the strong rental demand and yield potential reflected in comparable two-bedroom units in the same building.
The flood overlay flagged for this precinct is the most material factor to weigh, as it may affect insurance costs or future resale appeal. The absence of a direct listing for this specific unit means its exact condition, floor level, and view quality remain unconfirmed, so a physical inspection is essential. The building’s modern finishes and secure parking add value, but the unit’s position within the north stack and any noise from nearby infrastructure should be assessed. These factors may influence how the property is priced relative to similar apartments in the tower.
Detailed Independent Property Report prepared by PropCred Analyst team for 1212N/889 Collins Street, Docklands VIC 3008
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Docklands is a modern, high-density waterfront precinct offering a dynamic urban lifestyle. Demand is driven by professionals and investors seeking convenience and rental returns, evidenced by strong rental growth and quicker unit sales. Recent price trends show a softening house market with extended selling times, while units demonstrate relative stability. Future growth is anchored in its ongoing development and rental appeal, though sensitivity to broader market conditions and limited house turnover present notable constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
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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