2408E/888 Collins Street, Docklands VIC 3008
2408E/888 Collins Street, Docklands VIC 3008
High-floor waterfront apartment | premium building amenities | strong two-bedroom rental configuration | University High School zoning | flood overlay sensitivity
The property is positioned on a high floor within the 888 Collins development, providing a waterfront outlook and access to a comprehensive amenity set that includes an indoor pool, gym, and library. The two-bedroom, one-bathroom configuration with a car space is considered a rentable combination in the local market, appealing to couples and professionals. Within Docklands’ apartment-heavy inventory, this unit is placed in the upper-middle tier due to its tower location, building quality, and presence of reliable fibre connectivity. This apartment is best suited to a lifestyle buyer seeking a convenient high-rise home near the CBD or an investor targeting tenants who value premium finishes and building amenities.
The presence of a flood overlay on the property may affect insurance costs and underwriting, which should be weighed. The broader Docklands apartment market might experience supply pressure, given the large number of units available, potentially limiting capital growth compared to lower-density suburbs. Conversely, the zoning for University High School may broaden the buyer pool over time, particularly for families, though this remains secondary to the waterfront lifestyle appeal. These factors should be considered when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2408E/888 Collins Street, Docklands VIC 3008
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Docklands is a modern, high-density waterfront precinct offering a dynamic urban lifestyle. Demand is driven by professionals and investors seeking convenience and rental returns, evidenced by strong rental growth and quicker unit sales. Recent price trends show a softening house market with extended selling times, while units demonstrate relative stability. Future growth is anchored in its ongoing development and rental appeal, though sensitivity to broader market conditions and limited house turnover present notable constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
3755m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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