303/605 St Kilda Road, Melbourne VIC 3004

| falling values in building | 23% owners selling under 3 years | gym pool spa not enough lift price | high deposit risk | The building’s sales history signals persistent capital decline, with annual negative growth between 1.12% and 2.99% across recent resales, while 23% of owners sell within three years. This suggests either construction quality or location factors eroding buyer confidence. The above-ground pool, gym, and spa are lifestyle features but they do not arrest price deterioration. For a buyer, the property must be held long-term as a private residence-its rental yield near 5.5% offsets but does not reverse capital loss-and the asking range implies you absorb further depreciation if you exit before seven years. What is competitively rare here is the 1.8-acre lot for a building on St Kilda Road and the NBN Fibre to the Premises service, which supports remote work reliably. The dual ensuite layout and secure parking suit a professional couple or downsizer wanting a lock-and-leave base with direct tram access to the city. The property serves as a solid living solution rather than an investment, and the flat apartment form keeps body corporate fees moderate. The recent comparable data shows 803 sold at $600,000 in May 2025 with a 6.33% yield, while 705 and 1505 each recorded over nine years of negative annual growth around 1.3%. This pattern confirms that the building struggles to hold value and that units with two bathrooms often achieve higher rents but not higher resale prices. The buyer should treat the indicative price of $730,000-$800,000 as needing a discount toward the lower end of the range to avoid immediate loss on paper. To secure this property on commercial terms, you must negotiate hard using the building’s own sales record and accept that you are buying a home for the next decade, not a speculative trade. Contact your advisory team to run a present-value model based on a 10-year hold at 5.5% net yield before you submit any offer.