205/44 Skyline Drive, Maribyrnong VIC 3032
205/44 Skyline Drive, Maribyrnong VIC 3032
This is a 2-bedroom, 1-bathroom apartment with one car space at 205/44 Skyline Drive, Maribyrnong. It has a north-facing balcony and is estimated between $469,000 and $520,000. The unit was previously sold in 2013 for $469,250.
What is competitively strong here is the north-facing balcony, which provides genuine sun exposure and makes the living space feel larger and brighter than many comparable apartments in the area. The building itself sits on a generous 3016m² lot, which is uncommon for apartment complexes and suggests a more spacious feel with better outdoor areas. This property is best suited for first-home buyers or investors looking for a solid entry point into the Maribyrnong market, where apartment stock is typical but well-located near transport and the city. The inclusion of built-in robes, dishwasher, and split-system air conditioning as standard finishes adds to its appeal for owner-occupiers seeking low-maintenance living.
Several factors might affect value here. The unit is on the second floor, which can be less desirable than higher levels for views and noise, though the north aspect mitigates this somewhat. The building’s age is not specified but it existed before 2013, so maintenance costs and potential special levies should be considered. The shared lot of 3016m² means owners have limited private outdoor space, which may impact resale appeal for buyers seeking more land. Rental demand appears active, with a median rent of $617 per week suggesting a gross yield around 4.9%, but this depends on actual vacancy rates and management costs. The recent sale of another unit in the building for $555,000 indicates some price variation, so buyers should compare finishes and floor level carefully.
Detailed Independent Property Report prepared by PropCred Analyst team for 205/44 Skyline Drive, Maribyrnong VIC 3032
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Maribyrnong presents a market in transition, with recent price softness across both houses and units indicating a period of correction. Demand is currently anchored by the rental sector, where yields remain relatively firm and rents have demonstrated resilience, suggesting sustained tenant appeal. This dynamic points to a suburb where investor activity may be a key demand driver, supported by ongoing rental need. Future growth will likely hinge on a broader market recovery, though risks include continued buyer caution and variability in sales activity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
3016m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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