3/6 Maher Street, Highett VIC 3190
3/6 Maher Street, Highett VIC 3190
3-bed unit with 2-car parking | small-batch low-rise setting | quiet residential pocket | strong for families and downsizers
This unit is positioned within established low-rise stock that is uncommon in the current market. The two-car parking is a genuine advantage, as most comparable units offer one. The layout is suited to small families or downsizers seeking single-level living without moving to a full house. The street itself is appreciated for its residential character, and the school catchment adds another layer of demand. Overall, the property competes in a segment where few units offer both space and parking, making it a practical choice for owner-occupiers who would otherwise consider a townhouse.
Value may be influenced by the condition of the original kitchen and bathroom, as well as the size and usefulness of any private outdoor space. The presence of a flood management control in the broader area might require a quick check with council, although this does not appear to be a defining issue for the unit. Buyers are advised to weigh the property’s walkability to shops and transport, and to consider whether the lack of a second bathroom will matter over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/6 Maher Street, Highett VIC 3190
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Highett sits in Melbourne’s bayside corridor, linked to the CBD via Frankston line trains and arterial roads. Demand is led by established families and professionals; 43% of households hold mortgages and the median age is 40. House prices cluster around $1.4m, with recent medians from $1.36m to $1.5m, but annual growth is mixed, from -0.8% to 4.5%, indicating a flat-to-soft market. Units show firmer momentum, with annual growth up to 16.8%, though quarterly swings are sharp. Sales volume for houses is moderate at 148-171 per year; units saw 163 recent sales. Gross yields are modest for houses at 3.0-3.6%, firmer for units at 4.65%. Quality schools including Highett Primary and McKinnon Secondary underpin family demand. Bayside proximity supports future interest, but affordability remains a constraint: auction clearances of 59-80% signal rate sensitivity. Growth will depend on unit supply and interest rate direction.
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PropCred Estimated Value
Comparable Sales: 2-bed Maher Street unit sold for $808,000 | Property Price Band: $900K–$1.0M | Value Drivers: 2-car parking, single-level layout, established street location
Bedrooms
3
Bathroom
1
Parking
2
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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