1313/677 La Trobe Street, Docklands VIC 3008

Modern apartment | 13th floor city views | 2 bed, 2 bath, 1 car | Premium building amenities | Strong rental yield. This unit presents a competitively priced entry into a well-regarded, architect-designed building in Docklands, offering a configuration that aligns with core rental demand. The combination of two full bathrooms, a secure car space, and a high floor with city views strengthens its appeal against typical suburb stock, which often compromises on aspect or parking. The extensive building amenities, including multiple pools, a gym, and spas, cater directly to the dominant demographic of young professionals, reducing vacancy risk and supporting the estimated rental figure. For an investor, the current asking price sits below the estimated market value, suggesting immediate equity potential, while an owner-occupier gains a low-maintenance lifestyle with premium finishes in a central location. The primary risk is the inherent market volatility of high-density Docklands apartments, where valuation can be sensitive to building oversupply and shifting buyer sentiment away from inner-city living. This is mitigated by the property’s specific advantages: its position within a landmark development and its functional layout. The recent comparable sales data provides a solid foundation for price negotiation, indicating the listed price is achievable. Proceed with an offer at or near the asking price, structuring the purchase for a medium-term hold to capitalise on rental demand while awaiting capital growth cycles in the precinct. This unit is best utilised as a hold-and-rent investment or a transitional home for a professional. Recent comparable sales nearby establish a clear benchmark: – A 2-bed, 2-bath, 1-car unit sold for $567,000 in late August 2025. – Another similar unit, 83m², sold for $560,000 in mid-August 2025. – A third sale was recorded at $565,000. This cluster of sales firmly supports the property’s estimated value of $552,000, confirming the $500,000 listing represents a tangible discount to recent market activity and provides a credible basis for negotiation.