2201/1 Balston Street, Southbank VIC 3006

2201/1 Balston Street, Southbank VIC 3006
Large three-bed apartment in Southbank | High-floor corner with bay views | Appeals to owner-occupiers and downsizers | Flood and heritage overlays apply This apartment is competitively strong because its three-bedroom layout and 91-square-metre internal area are considerably larger than the typical Southbank offering. The high-floor corner position with bay views from every room adds a rare quality for an apartment in this precinct. It is best suited to owner-occupiers or downsizers who value space and amenity within a central location. The building’s gym and pool further enhance its appeal. The property’s value may be influenced by the flood and heritage overlays, which might impose future restrictions or costs. The building’s age could affect long-term maintenance expectations, though this remains unconfirmed. These factors should be weighed against the premium features of size and view when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2201/1 Balston Street, Southbank VIC 3006
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
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Market Insight

Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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