1703S/889 Collins Street, Docklands VIC 3008
1703S/889 Collins Street, Docklands VIC 3008
2 bed 2 bath 2 car | built 2017 | premium Docklands configuration | strong rental history | urban amenity focus
This apartmentโs configuration is competitively strong for Docklands, where two-car allocations are uncommon and signal a higher-end floorplan suited to downsizers or professionals wanting low-maintenance living with parking. The 2017 build places it among the newer towers in the precinct, which typically commands a premium over older stock with dated finishes or smaller layouts. The buildingโs amenitiesโconcierge, pool, gym, and communal gardensโreinforce an amenity-led lifestyle that appeals strongly to owner-occupiers seeking convenience and investors targeting consistent rental demand, as evidenced by the propertyโs four rental events.
The unit sits on level 17, which may offer improved outlook and reduced street noise compared to lower floors, but the specific aspect and view corridor are not confirmed and could materially affect its marketability. The propertyโs multiple rental history suggests reliable tenant interest, but without current rent or yield data, the investment return remains unquantified. Finishes and interior specification are not detailed, so a buyer should verify the quality of appliances, flooring, and benchtops during inspection, as these can differentiate value within the same building. No bushfire or heritage flags were identified, which removes two common risk factors.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1703S/889 Collins Street, Docklands VIC 3008
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.