1304/605 St Kilda Road, Melbourne VIC 3004
1304/605 St Kilda Road, Melbourne VIC 3004
2-bedroom, 2-bathroom apartment on the 13th floor in the St Boulevard development, 83 square metres internal, one secure car space. Floorboards, split system heating and cooling, built-in robes, and intercom. Building amenities include a heated lagoon and lap pool, gym, spa, sauna, and private dining. Located on St Kilda Road, on the cusp of the city, in the Port Phillip council area.
The two-bathroom configuration is uncommon for a 2-bedroom apartment in this precinct, where most comparable stock offers only one, and the 83 square metre floor plan is noticeably larger than the typical 60 to 75 square metre unit found along the St Kilda Road corridor. The building’s extensive amenity set—lagoon pool, spa, sauna, and private dining—positions it well above the older apartment blocks in the area, which rarely offer such facilities. This property is best suited to professionals seeking a city-fringe commute, downsizers wanting lock-and-leave convenience with luxury touches, or investors targeting corporate or short-term tenants willing to pay a premium for a fully furnished, high-spec address.
The 13th floor aspect may limit appeal for buyers who prefer lower levels or direct garden access, and the single car space could be a constraint for households with multiple vehicles, though this is standard for a 2-bedroom unit in this location. The property’s strong natural light is a clear advantage, but the absence of a specified orientation means a buyer should verify sun exposure during an inspection. Rental demand appears robust given the amenity package and city proximity, but the gross yield estimate of roughly 5 percent based on furnished rental figures should be weighed against the current listing range, which may not fully reflect recent market softening.
Detailed Independent Property Report prepared by PropCred Analyst team for 1304/605 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Melbourne’s CBD core is a high-density residential hub where renewed buyer momentum is evident. Demand is driven by professionals, upgraders, and first-home buyers, attracted by improving affordability and proximity to major employment and lifestyle amenities. Recent price growth reflects this, supported by a tight rental market and critically low stock levels. Future growth hinges on sustained population inflows and constrained supply, though risks include a potential softening in sentiment and a recent rebound in new listings which could moderate price gains.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.8 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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