1412/628 Flinders Street, Docklands VIC 3008
1412/628 Flinders Street, Docklands VIC 3008
Level 14 city views | high owner-renter ratio | strong rental yield potential | young professional pocket
The property sits in Docklands’ most connected tower, where 45% owner-occupancy and Opticomm FTTP signal a building with above-average resident care and digital readiness. For a buyer targeting yield without sacrificing capital stability, the $615–$750 weekly rental range against a $399k–$438k entry point delivers a gross return near 7% at the low end-less common in inner Melbourne.
The risk is building size: 733 properties mean strata fees compete with returns, and the 0% auction clearance in Docklands suggests softening demand. The 2017 sale price and current estimate gap ($458k–$490k versus listing range) implies the seller may accept below midpoint. For a buyer considering this property, the detailed report should test the valuation, comparable sales and constraints before the visible positives are relied on.
Detailed Independent Property Report prepared by PropCred Analyst team for 1412/628 Flinders Street, Docklands VIC 3008
Checks found:
Value Risk
1
Liquidity Risk
2
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
1
Bathroom
1
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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