213/108 Haines Street, North Melbourne VIC 3051
213/108 Haines Street, North Melbourne VIC 3051
2 bed 2 bath secure car space | North Melbourne inner city | premium complex with gym | strong school catchments
This unit offers a rare combination of internal space at 83 square metres and a secure car space within a well managed complex, which is increasingly difficult to find in North Melbourne. The inclusion of a storage cage, air conditioning and floorboards removes the need for immediate upgrades, and the building’s gym and outdoor area add lifestyle appeal without body corporate waste. It sits inside both North Melbourne Primary and University High School zones, which anchors demand from families and investors alike, and the suburb’s 80 percent clearance rate confirms consistent buyer appetite. This property best suits a buyer wanting a low maintenance hold with strong rental fundamentals or a first home buyer seeking city proximity and school catchment security.
The main risk is the building’s age and the potential for future special levies, which is not uncommon in complexes of this size and should be budgeted for. The current price guide sits above the last recorded sale, so the buyer must negotiate from the evidence of prior transactions rather than agent optimism. There is no overlay or flood risk, and the broadband and 5G coverage are functional but not decisive. Hold this property for at least five years, letting the school zones and limited supply of two bedroom units with parking drive capital growth while the rental income covers holding costs.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 213/108 Haines Street, North Melbourne VIC 3051
Market Insight:
North Melbourne’s prime inner-city positioning ensures strong demand from young professionals and students, drawn by its proximity to employment hubs and established transport links. This demographic is fuelling a robust rental market with tight vacancy, supporting attractive yields, particularly for units which are experiencing solid growth. While house prices have faced recent headwinds, the suburb’s ongoing gentrification and constrained listings underpin its long-term appeal. Key risks include increasing new supply which may temper price growth and persistent affordability pressures in the higher-priced housing segment.