17/120 Sturt Street, Southbank VIC 3006

Proven capital decline | premium vs median risk | yield below new supply | quiet complex trade-off The property carries a measurable value risk. Domain’s estimate sits 13.5% below the asking guide, and suburb-wide unit growth has slipped into negative territory. For a buyer paying current levels, the premium over the $595k Southbank two-bedroom median must be supported by something durable—yet the rental yield at 5.71% is just above average for the area, not compelling enough to offset potential downside. This is a hold proposition for someone who values the location and building lifestyle over short-term capital upside, not a trade for rapid return. What makes the unit competitive is its scarcity within a boutique complex. The private balcony with skyline views, French doors, gourmet kitchen layout, and access to tennis court, pool, and spa—these features are uncommon in Southbank’s dense high-rise stock. For a buyer seeking a quieter community with strong resident ownership and resort amenities, the property offers a differentiated position. It serves best a professional couple or single occupant prioritising walkability and amenity over student rental demand zones. The credible gap between Domain’s valuation range and the guide price warrants careful negotiation—asked premium may soften in a market where 55% clearance suggests selective buyer commitment before committing to an offer, reviewing recent comparable sales in the building and nearby boutique complexes is essential to anchor your bid in defensible market data