2713/60 Kavanagh Street, Southbank VIC 3006
2713/60 Kavanagh Street, Southbank VIC 3006
2 bed 2 bath 1 car | 80 m² internal | 2019 build | high floor likely | strong amenities
This apartment sits in a newer high-rise that was completed in 2019, placing it well ahead of much of Southbank’s older stock in terms of build quality, energy efficiency, and modern finishes. The 80 m² internal area is notably spacious for a two-bedroom inner-city unit, and the inclusion of a storage cage adds practical value that many comparable apartments lack. The building’s amenity set—pool, gym, yoga studio, BBQ terraces, lounge, dining spaces, and a theatre—is comprehensive and lifts the day-to-day living experience well beyond basic apartment stock. This property is best suited to professional couples, downsizers, or investors targeting tenants who value space, quality, and lifestyle within walking distance of the CBD.
The unit numbering strongly suggests a 27th-floor position, which may offer improved outlook and reduced street noise compared to lower levels, though the exact aspect is not confirmed. The building’s 597 residences mean common areas and facilities will see regular use, which can affect maintenance and atmosphere over time. The property’s value may be influenced by how the floor level and orientation compare to other units in the same tower, and by the broader supply of similar two-bedroom apartments in Southbank. Buyers should weigh the premium for a newer build against the potential for ongoing body corporate fees in a large high-rise.
Detailed Independent Property Report prepared by PropCred Analyst team for 2713/60 Kavanagh Street, Southbank VIC 3006
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✓
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.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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