2305/560 Lonsdale Street, Melbourne VIC 3000
2305/560 Lonsdale Street, Melbourne VIC 3000
Corner city skyline views | Built 2020 with car space | CBD core with strong rental yields | Mixed recent sales performance in building
This property occupies a premium corner position within a recently constructed high-rise, offering unobstructed city skyline views that are rare in this segment and provide a clear competitive edge over standard apartments in the building. The inclusion of a car space and study zone adds practical appeal for professionals or investors targeting tenants who value space and convenience. The location is strategically central, with walkable access to Queen Victoria Market, Flagstaff Gardens, universities, and public transport, making it suited to owner-occupiers seeking lifestyle or investors chasing the strong rental yields of 6-8% demonstrated by comparable units in the building.
The primary risk is the building’s recent sales history showing flat to negative annual growth across multiple unit types, including a 2-bedroom comparable that sold at a modest 0.21% annual gain over eight years. This suggests limited capital appreciation potential in the short to medium term, and the property’s value may be more tied to rental income than price growth. However, the fresh listing timing in May 2026 and the corner positioning could attract a buyer willing to pay a premium for the views, presenting an opportunity to negotiate from a position informed by the building’s broader performance data.
Detailed Independent Property Report prepared by PropCred Analyst team for 2305/560 Lonsdale Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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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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