207/83 Queens Bridge Street, Southbank VIC 3006
207/83 Queens Bridge Street, Southbank VIC 3006
Late-1990s high-rise | 92m² 2-bed with parking | amenity-rich tower | flood overlay noted
This is a generously proportioned two-bedroom apartment in a well-established Southbank tower, offering a layout that is noticeably more spacious than much of the newer inner-city stock. The full amenity package—pool, gym, tennis court, concierge—adds genuine lifestyle value, and the secure parking plus intercom make it a practical choice for owner-occupiers seeking a lock-and-leave base near the CBD, Crown, and the Arts Precinct. It is best suited to downsizers or professionals who prioritise space, location, and building facilities over brand-new finishes.
The late-1990s construction means common areas and original finishes may feel dated, though floorboards and split-system air conditioning are already in place. The flood overlay is a real planning consideration that could influence insurance costs or lender appetite, and the apartment’s value may hinge on its floor level and aspect, which remain unconfirmed. Renovation potential and the building’s strong rental demand might also shape price expectations, but these factors should be weighed carefully rather than assumed.
Detailed Independent Property Report prepared by PropCred Analyst team for 207/83 Queens Bridge Street, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Southbank’s inner-Melbourne position and transport links around St Kilda Road and Southbank Boulevard underpin activity, but the market is overwhelmingly a unit market: 596 unit sales against 7 house sales in the past year. Unit demand is driven by renters and investors, with median weekly rents holding at $695 for both houses and units and units averaging 45 days on market. Price signals are mixed: unit medians range from $501,850 to $555,000, with annual growth between -2.55% and -18.2%; house data is unreliable, with medians of $450,500 and $862,000 and growth of -64.3% on just 2-7 transactions. Infrastructure and rental stability support future demand, but thin house supply, softening unit prices, and 45-55 day selling periods are constraints.
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PropCred Estimated Value
Comparable Sales: 903/83 Queens Bridge Street sold $660k; 1202/83 Queens Bridge Street sold $660k | Property Price Band: $650k–$750k | Value Drivers: internal size, building amenities, parking, renovation potential
Bedrooms
2
Bathroom
1
Parking
1
Land
1.43 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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