1801/119 Abeckett Street, Melbourne VIC 3000
1801/119 Abeckett Street, Melbourne VIC 3000
Premium CBD position | High-rise with full hotel-style amenities | Brand-new furnished condition | Price gap above comparable floorplan suggests premium for view or finish.
The $820kโ$840k ask sits approximately $45kโ$65k above the $775k estimate for a lower-floor L18 variant of the same 71mยฒ layout. That premium buys the higher-level outlook and brand-new furnishing package, but introduces a risk that a similarly sized unit two floors down trades for less. The amenity stackโpool, sauna, gym, cinema, conciergeโsupports a $970 weekly rental and adds genuine lifestyle leverage for an owner-occupier. This is a hold for income or use, not a short-term flip.
What makes this property competitively rare is the combination of high-floor position in a newly completed tower with full resort amenities, fully furnished, in the CBD core close to RMIT and Queen Victoria Market. For a professional couple or investor seeking a lock-and-leave with strong tenant appeal, the ready-to-lease condition and strata that includes heating, spa, and security remove nearly all management friction. The next step is to inspect the lower-floor comp at L18 to validate whether the premium translates to a better view or simply higher margin for the seller.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.