204/11 Horizon Drive, Maribyrnong VIC 3032
204/11 Horizon Drive, Maribyrnong VIC 3032
Compact 2 bed 1 bath 1 car 65 sqm | NE corner CBD and river views | rent estimate $650 per week | FTTP NBN plus 5G | compact mid-rise flat
An efficient 65 sqm footprint is offered in this two-bedroom, one-bathroom apartment with a secure car space. The north-east corner aspect is regarded as a rare attribute, providing natural light and framed views over the river and city skyline. FTTP NBN and 5G coverage are included, which gives the unit a genuine advantage for remote work. In the Maribyrnong market, this property is placed within the mid-range, and it is best suited to professional couples or single buyers seeking a low-maintenance city-fringe home, or to investors who are attracted by the estimated weekly rent of $650.
The value may be influenced by the floor level and the endurance of the views, as sightlines could be compressed from lower positions. The 65 sqm size is considered potentially limiting for family buyers, and visitor parking is seen as a minor concern. Rental demand might be softened by new supply, though the FTTP connection and balconies are expected to retain interest. A price view is best formed by weighing these factors against the property’s condition and presentation.
>>Comparable Sales: 207/11 Horizon Drive sold for $480,000 | Property Price Band: $600k–$700k | Value Drivers: NE corner view, secure car space, FTTP connectivity
Detailed Independent Property Report prepared by PropCred Analyst team for 204/11 Horizon Drive, Maribyrnong VIC 3032
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Maribyrnong’s housing market is soft, with median house prices ranging from $760,500 to $1.208 million and annual growth negative across all sources, from -0.58% to -11.7%. Units are steadier, with one source showing 5.5% growth and rental yields robust at 5.6% for units and 3.28-3.63% for houses, underpinning investor demand. Rental demand is firm: house rents rose 8.1% and unit rents 4.2% over the past year, with low vacancy rates of 1.45% for houses and 0.93% for units. Buyer confidence has retreated, with auction clearance rates down 10.3 percentage points for houses (to 50.6%) and 20.0 points for units (to 40.0%). Annual house sales volumes vary widely across data providers, from 90 to 132, indicating moderate activity. Price volatility, lower clearance rates, and rent growth point to a market balancing affordability pressures against steady rental demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
65m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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