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.