2211/1 Balston Street, Southbank VIC 3006
2211/1 Balston Street, Southbank VIC 3006
2 bed 2 bath 1 car on level 22 | Southbank Central built 2017 | 71 m² with strong amenity | $760/w rent signals demand | yield around 6.2-6.7%
This apartment is competitively positioned in Southbank because its configuration—two bedrooms, two bathrooms, and a car space on a high floor—is a format that consistently attracts both owner-occupiers and investors. The 71 m² floorplan is generous for a modern inner-city unit, and the 2017 build means newer construction standards and lower immediate maintenance risk. The indoor heated pool and fitness centre add genuine lifestyle appeal, which supports both rental demand and resale interest. This property best suits a buyer who values walkability to the CBD, wants a full-amenity tower, and prefers a unit that can accommodate a couple or sharers without feeling cramped. The implied rental yield from the advertised rent and price range is solid for the area, which strengthens its case for an investor looking for steady income rather than speculative growth.
The price a buyer pays may be influenced by the fact that the apartment’s aspect and exact view corridor are not confirmed, which can affect how different buyers value the unit. A north or east outlook would typically command a premium, while a south or west aspect might limit appeal. The overall block size of 2,369 m² suggests a large complex, so future owners should consider body corporate fees and potential special levies, though these are not detailed in available sources. The absence of verified nearby comparable sales means the advertised range should be tested against recent settled transactions in the same building or similar towers. A buyer should also weigh whether the current rent of $760 per week is sustainable or reflects a peak market moment, as this directly impacts the yield calculation.
Detailed Independent Property Report prepared by PropCred Analyst team for 2211/1 Balston Street, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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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
2
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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