2008/7 Yarra Street, South Yarra VIC 3141
2008/7 Yarra Street, South Yarra VIC 3141
2-bed high-rise apartment | city skyline and dual terraces | 20th floor Seven Yarra | Stonnington council | FTTP connected
This property’s competitive edge lies in its dual balcony terraces and unobstructed city skyline views from the 20th floor — a configuration rarely available in this price tier within the Seven Yarra complex. The sophisticated kitchen with Liebherr appliances and secure entry supports a premium rental profile, making the unit most suitable for a professional couple or investor targeting the top end of the $425–$750 weekly rental range. The median rental estimate of $585 per week implies a gross yield near 7.7% at the $397,000 valuation, which is strong for a high-rise apartment in Stonnington.
The primary risk is the complex’s historical price stagnation: comparable units show negative annual capital growth over 4 to 9 years, and 32% of owners have held for under three years, suggesting limited long-term value uplift. The buyer should treat this as a cash-flow property, not a growth play. The opportunity is to negotiate below the $397,000 estimate given the soft sales history, then hold for rental income while monitoring the precinct’s revitalisation for future demand shifts. Use this unit for yield, not appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 2008/7 Yarra Street, South Yarra VIC 3141
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
South Yarra is a premium inner-city suburb favoured by professionals, with demand anchored by its proximity to the CBD and vibrant lifestyle. Recent market conditions show a divergence, with house prices experiencing a correction while the unit market demonstrates resilience, supported by strong rental demand and limited new supply. Future growth is underpinned by consistent buyer activity and tight rental vacancy, though affordability constraints and sensitivity to interest rate movements present key risks to watch.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1145m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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