2402/50 Haig Street, Southbank VIC 3006

2402/50 Haig Street, Southbank VIC 3006
High floor full-width balcony | Secure car space included | Flood overlay flagged | Strong rental yield potential This apartment occupies a strong position in a well-serviced Southbank building, with a full-width balcony and secure parking that are less common in this price band. The 59sqm layout and concierge-supported building appeal to professionals seeking a lock-and-leave base, while the rental estimate of around $670 per week points to a yield that would interest investors. The buildingโ€™s amenity and walkability to the CBD and Crown precinct reinforce demand from both owner-occupiers and tenants. The flood overlay is the primary risk and should be investigated for insurance cost and resale implications, though no heritage or bushfire constraints were flagged. Body corporate fees and building condition need verification, as high-density apartments can carry variable outgoings. For a buyer comfortable with due diligence on the flood issue this property offers a balanced entry into a tight inner-city market with good rental fundamentals.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2402/50 Haig Street, Southbank VIC 3006
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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

1

Bathroom

1

Parking

1

Land

59mยฒ

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