2402/618 Lonsdale Street, Melbourne VIC 3000
2402/618 Lonsdale Street, Melbourne VIC 3000
Larger CBD apartment with two bathrooms and a car space | 24th floor with balcony and city views | Strong rental yield near 6.25 percent | Zoned for University High School
This apartment is competitively positioned in Melbourne’s CBD because it offers a genuinely usable two-bedroom layout with two bathrooms and a dedicated car space—features that are increasingly rare in the high-rise market. The 84 square metre internal area, stone kitchen, ducted heating and cooling, and double glazing place it clearly above the typical compact investor-grade unit, while the 24th floor south-facing balcony provides a sense of elevation that adds to its appeal. It is best suited to owner-occupiers who value proximity to Southern Cross Station, Queen Victoria Market, and the universities, or to investors looking for a yield near 6.25 percent supported by consistent rental demand from city professionals and students.
The heritage overlay on the site may limit any future external alterations or redevelopment potential, which could affect long-term capital growth if the surrounding area densifies. The south-facing aspect, while offering city views, may result in less natural light compared to north or east-facing apartments, potentially narrowing appeal to some buyers. The building’s age and strata levies are not confirmed, so these costs should be verified before forming a view on price, as they can materially impact holding costs and net yield.
Detailed Independent Property Report prepared by PropCred Analyst team for 2402/618 Lonsdale Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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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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