204/86 La Scala Avenue, Maribyrnong VIC 3032
204/86 La Scala Avenue, Maribyrnong VIC 3032
2-bed 2-bath 1-car | Completed 2020 Bellini build | Secure lift entry | River precinct outlook | Highpoint amenity nearby
This unit is positioned within a completed low-rise development of 46 residences, finished in late 2020 and therefore near-new by local apartment standards. The two-bedroom, two-bathroom layout with a single car space is regarded as the most balanced configuration for this type of property, offering enough room for a couple or small household while keeping outgoings moderate. Stone benchtops, stainless-steel appliances, a balcony, built-in robes, split-system heating and cooling, secure foyer entry, lift access and a storage cage are typical of how this building is finished, and these features place the unit above older apartment stock in Maribyrnong. The wider precinct is defined by newer medium-density buildings, river trails, parkland and the Highpoint shopping and transport hub, so this property is well suited to owner-occupiers wanting low-maintenance living and investors seeking consistent rental demand from professionals and downsizers.
The value of this unit may be shaped by its exact floor level and orientation; a north-east aspect with river or CBD views might be treated as a premium, while a lower floor or south-facing outlook could be traded at a mild discount. Rental demand is evidenced at around $600 per week, which supports investor confidence. The building’s age and finish quality may also be influential in how well the unit holds value when compared with older walk-up apartments in the suburb.
>> Comparable Sales: 202/86 La Scala Avenue sold April 2025; 504/86 La Scala Avenue sold $1.35M as a larger premium unit | Property Price Band: $500,000–$600,000 | Value Drivers: floor level, outlook, building condition and finish
Detailed Independent Property Report prepared by PropCred Analyst team for 204/86 La Scala Avenue, Maribyrnong VIC 3032
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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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
2
Parking
1
Land
2.37 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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