1305/50 Haig Street, Southbank VIC 3006

High-rise level 13 city-view unit | Tiara complex Southbank | Flood overlay detected | Strong rental yield potential. This one-bedroom unit in the Tiara complex offers a rare configuration advantage at level 13 with city views in a sought-after Southbank location, serving investors or first-home buyers seeking immediate rental return. The property’s estimated value of $334,000 supports a gross rental yield approaching 8.5%, well above inner-city averages, while the long-term hold since 2009 suggests minimal vendor pressure. Zoning for South Melbourne Primary School and Port Melbourne Secondary College adds family appeal, though the unit primarily suits those prioritizing yield over capital growth. The flood overlay is the primary risk, potentially increasing insurance costs and limiting future buyer pool, while the current value sits below the 2009 purchase price, reflecting apartment oversupply pressures. Opportunities lie in negotiating below the $325,000–$340,000 range given the flood risk and flat market, with 5G connectivity as a supporting amenity. Hold this property for steady rental income rather than short-term resale, leveraging its yield advantage in a high-demand inner-city rental market.