2006/50 Haig Street, Southbank VIC 3006

20th floor Tiara apartment | sweeping city views | strong rental yield | flood overlay noted | long-term owner building The property’s commanding 20th-floor position in the Tiara complex provides a rare combination of unobstructed city skyline views and access to premium amenities like concierge and indoor pool, which directly supports above-median rental demand. The open-plan layout with floor-to-ceiling windows and modern kitchen appeals strongly to professional tenants or owner-occupiers seeking a lock-and-leave lifestyle near the CBD. For an investor, the current yield range of 3.7–4% is competitive for Southbank, and the building’s history of long-term ownership suggests stable occupancy and limited supply turnover, which protects against sudden price drops. The primary risk is the flood overlay, which may increase insurance costs and could dampen capital growth compared to flood-free suburbs. Past sales in the building show modest annual growth or slight declines, indicating this is a yield-driven rather than capital-growth play. The price guide sits below estimated value, offering a potential entry discount if negotiated well. This unit should be held for steady rental income, not short-term flipping, and the flood risk should be factored into any offer below $520,000.