308/108 Haines Street, North Melbourne VIC 3051

1-bed, 1-bath North Melbourne apartment | secure garage parking | urban convenience | modest building performance | buyer caution warranted This unit is competitively positioned for a single professional or couple seeking a lock-and-leave property in a well-connected urban pocket. The secure garage parking is a rare and valuable feature at this price point, improving both livability and future resale appeal. The open-plan layout and contemporary finishes reduce immediate maintenance concerns, and the building’s high proportion of owner-occupiers suggests stable management. For a buyer targeting entry-level city fringe with low holding costs, this property offers a clean, functional configuration that avoids common compromises. The primary risk is the building’s zero percent auction clearance rate and modest annual growth, which signals weak buyer demand and limited capital upside. The 40% rental population and 47% concentration of renters aged 20–39 indicate potential for turnover and less predictable building dynamics. A comparable unit sold for $370,000 after seven years, reinforcing that this is a hold-for-cashflow rather than a short-term appreciation play. If the purchase price is negotiated toward the lower end of the range, the $500 weekly rent provides a reasonable yield. Hold this property for steady rental income, not speculative gain.