2805/109 Clarendon Street, Southbank VIC 3006
2805/109 Clarendon Street, Southbank VIC 3006
High-rise 2-bedroom apartment | Southbank bay outlook | Flood overlay noted | Below 2014 purchase price
This property offers a rare configuration advantage in Southbank’s high-rise market: a true two-bedroom, two-bathroom layout with a dedicated car space and a generous 79-square-metre footprint. The elevated position on Level 28, combined with bay views and a bright internal aspect, positions it well above the typical compact apartment in this precinct. For a buyer seeking inner-city living with genuine separation of spaces and secure parking, this unit competes strongly against newer but smaller stock. It best suits a discerning owner-occupier or an investor targeting the professional rental demographic that values amenity and outlook over absolute size.
The primary risk is the flood overlay detected for the property, which may affect insurance premiums or future lending criteria, particularly for investment buyers. The estimated market value has also declined below the 2014 sale price, suggesting the building or local market has underperformed relative to broader cycles—this warrants scrutiny of body corporate fees, building age, and recent sales in the same tower. However, the current indicative asking range sits below the previous sale price, presenting a potential entry point for a buyer willing to accept the flood overlay risk in exchange for a well-positioned, high-floor apartment with strong rental demand and 5G connectivity.
Detailed Independent Property Report prepared by PropCred Analyst team for 2805/109 Clarendon Street, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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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.
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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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