22/715-717 Mt Alexander Road, Moonee Ponds VIC 3039
22/715-717 Mt Alexander Road, Moonee Ponds VIC 3039
Park-facing position | older walk-up stock | two-bedroom practicality | strong owner-occupier appeal | value tied to outlook and layout
This unit offers a genuinely rare combination for Moonee Ponds: a two-bedroom apartment directly opposite Queens Park, with a private balcony and a separate kitchen that many newer builds have dropped in favour of open-plan living. The northerly aspect to one bedroom and leafy courtyard outlook to the other give it a light, settled feel that older stock often lacks. For downsizers seeking walkable access to the station, Puckle Street, and parkland, or for investors wanting a solid rental performer in a high-demand suburb, this property delivers on location and liveability rather than flashy finishes. It sits comfortably in the established low-rise segment, where buyers prioritise space, position, and parking over gyms or concierge services.
Value may be influenced by the building’s age and construction quality, which are not evident from the listing alone. Traffic noise from Mt Alexander Road could be a consideration, depending on the unit’s exact orientation and window glazing. The mix of floorboards and carpets across similar units suggests condition varies by apartment, so a thorough inspection of the kitchen, bathroom, and balcony would be prudent. The absence of lift access or premium amenities might limit appeal for some buyers, but for those who value park frontage and suburb convenience, these trade-offs are often acceptable. Price positioning will likely hinge on how the internal condition compares to recently sold stock in the same building or immediate strip.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/715-717 Mt Alexander Road, Moonee Ponds VIC 3039
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Moonee Ponds sits as an established inner-city market with a median house price of $1,557,500, well above the metro average of $955,000. Demand is underpinned by a rapidly growing population, a dominant buyer demographic in their 30s, and strong household incomes. Houses have recorded 3.8% annual growth but softened 7.5% in the quarter, while units are flat at $573,000, down 1.2% annually. The 36-day selling period matches metro conditions, yet a clearance rate of 66.1% trails the 81.4% benchmark, indicating weaker buyer competition. Rental yields of 5.2% for houses and 5.3% for units remain supportive, but affordability constraints and recent quarterly price falls present near-term headwinds.
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PropCred Estimated Value
Comparable Sales: One-bedroom in same building sold $417,000 (Jul 2025); larger three-bedroom nearby listed higher | Property Price Band: $500,000–$600,000 | Value Drivers: park outlook, balcony, two-bedroom layout, condition of kitchen and bathroom
Bedrooms
2
Bathroom
1
Parking
1
Land
2170m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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