136/77 Hobsons Road, Kensington VIC 3031

Kensington industrial chic | panoramic park views | first resale since built | strong rental yield suburb The property sits in a rare position being the first resale since construction, offering a buyer a near-new finish without the new-development premium. The industrial chic styling and elevated park outlook create a point of difference in a suburb where most units face other buildings or streets. For a professional couple or investor, the combination of a 4.9% suburb rental yield and a unit that stands out visually gives this property stronger holding power than the median stock. The location near Riverside Park with city proximity adds lifestyle depth that supports long-term demand. The main risk is the softening suburb market,values have dipped 1.4% in the past year and the 40% auction clearance rate signals buyer hesitation. This means the property may take longer to sell if circumstances change, and the price guide sits above the current median, so overpaying is a real danger. The bushfire overlay adds a small but real insurance and resale friction. The opportunity lies in negotiating below the guide, using the recent sales history and market slowdown as leverage. Hold this property for income and moderate capital growth, not a quick flip.