2011/105 Clarendon Street, Southbank VIC 3006

Level 20 city views | 2-bedroom in Shadow Play | high rental yield potential | no parking | soft capital growth history This unit offers a strong rental proposition for an investor seeking cash flow in a well-known Southbank building. The 7-9% gross yields from comparable units are above the Melbourne apartment average, and the contemporary design with city views supports tenant demand. The buyer position is strongest for an investor focused on income rather than short-term capital gain, as the building’s 60% owner-occupier rate provides stability. The key risk is the flat or negative capital growth history, with comparable units showing annual declines of 2-3% over 10-year holds. The absence of parking limits appeal to owner-occupiers and future resale options. An opportunity exists in the high rental demand from the young, mobile demographic in the area. Hold this property for steady rental income, not appreciation, and consider it as part of a diversified portfolio where yield offsets low growth.