312/9 Morton Avenue, Carnegie VIC 3163

2-bed apartment, Carnegie strip proximity | 5% rental yield, first-home or investor fit | Secure basement car space included | Glen Eira zoning, no overlays This apartment presents a rare configuration edge for its price point: a two-bedroom, one-bathroom floorplan with secure basement parking and a carport, positioned within walking distance of Koornang Road’s retail spine. The rental yield of 5% is above the suburb average, and the absence of heritage, flood, or bushfire overlays reduces holding risk for a buyer seeking low-maintenance tenure. It suits first-home buyers wanting immediate livability,timber floors, stone benchtops, ducted reverse-cycle,or investors targeting steady cash flow from Monash University and Chadstone-linked demand. The primary risk is the 1.2% suburb growth contraction, which compresses capital gain expectations over a short hold. The 2015 sale price of $420,000 sets a floor, but any premium above that relies on yield compression, not land appreciation,this is a unit on a large lot, not a house. The opportunity lies in using the 5% yield to offset holding costs while the Djerring Trail and station proximity support tenant demand. Hold for income, not speculation.