2705/7 Riverside Qy, Southbank VIC 3006
2705/7 Riverside Qy, Southbank VIC 3006
27th floor Yarra River aspect | premium Southbank lifestyle | three-bedroom configuration | not currently listed
This apartment’s defining advantage is its elevated 27th-floor position with direct sunlight and river views, a combination that is genuinely scarce in Southbank’s high-rise stock. The three-bedroom layout with two bathrooms and a car space places it well above the typical one- or two-bedroom offerings in this precinct, making it a strong option for a buyer seeking a primary residence or a long-term hold in a tightly held building. Its proximity to waterfront dining, Crown, and the city core gives it a lifestyle edge that supports consistent demand from professionals and downsizers alike.
The property has not been tested in the current market, and the estimated valuation of $1.32 million sits against a 2019 purchase price of $1.25 million, implying modest capital growth over a period when many comparable properties have moved more. This may reflect a pricing ceiling for larger apartments in this tower or a lack of recent refurbishment. The shared development lot of 1.11 acres is not a material consideration for an individual unit buyer. For a buyer, the opportunity lies in negotiating from a position of limited recent sales evidence and holding for steady rental yield or eventual owner-occupier upgrade demand. Treat this as a lifestyle-driven hold, not a short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 2705/7 Riverside Qy, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!