2801/42 Balston Street Southbank VIC 3006

28th floor | north-east aspect | bay & park views | premium building amenities | 7.4% yield potential This unit presents a competitively strong proposition for an investor or owner-occupier seeking a modern, high-amenity residence close to the CBD. Its 28th-floor position with north-east aspect and panoramic views over parkland and the bay is a rare and valuable feature in this market, translating to superior natural light and a perception of space. The building’s extensive amenities, including a pool, gym, and concierge, align with premium expectations, while the flexible second bedroom accommodates hybrid work lifestyles. This property best serves a buyer prioritizing views, building quality, and walkable urban convenience over private outdoor space. Primary investment risks include the identified flood overlay, which may affect insurance costs and future resale, and the inherent density of Southbank, which exposes the property to market volatility in a high-supply apartment segment. The commercial logic is clear: the estimated rental yield is strong for the area, driven by the unit’s premium features and location. Acquire this as a long-term rental holding; its views and amenities will sustain tenant demand. For a precise valuation and detailed assessment of locality risks like the flood overlay, a Propcred report provides essential due diligence. Recent suburb activity confirms a active market for Southbank apartments, though specific comparable sales data for this building is not detailed. The unit’s last sale was in 2024, indicating recent market interest. This context suggests values are established but require current, property-specific validation to ensure your offer reflects its unique view and floor level advantages.