3302/31 Abeckett Street, Melbourne VIC 3000
3302/31 Abeckett Street, Melbourne VIC 3000
High-floor north-facing 2-bed with parking | Dual-entry bath as semi-ensuite | Strong rental demand near universities | Secure car space on title
The combination of a high-level north aspect and a secure car space is rarely found in CBD apartment stock. Both bedrooms are externally windowed, and the open-plan living area is fitted with stone benchtops and split-system climate control, making this unit suitable for owner-occupiers and investors alike. The established 2010 building is supported by a strong rental profile, while the dual-entry bathroom is considered a practical feature. The private balcony is regarded as an outdoor edge that many tower units lack. This property is best suited to a buyer seeking a low-maintenance inner-city base with genuine parking convenience.
A dedicated study or additional storage is not provided, which may limit appeal for larger households. The 2010 build year might be viewed as older relative to newer towers, and strata levies could adjust over time. A premium is likely to be supported by the north-facing high floor and secure car space, though the surrounding noise and density might be considered a trade-off. These factors are weighed against the unit’s strong rental characteristics.
Detailed Independent Property Report prepared by PropCred Analyst team for 3302/31 Abeckett Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Melbourne 3000’s inner-city position, defined by strong walkability and established transport links to employment hubs, sustains broad demand from owner-occupiers, downsizers, investors, first home buyers, students, and returning professionals. This diverse pool is met with constrained supply, evidenced by a tight vacancy rate of 1.3% and robust sales activity up 9.8% year-on-year. House values sit at $977,579 with 5.5% annual growth, while units record $642,431 and 2.7% growth, the latter highlighting relative affordability amidst shifting buyer preference. Rental fundamentals diverge sharply: houses yield 1.84% with a $650 weekly median, units yield a strong 8.00% with $675 weekly rents, underscoring investor focus on higher-density stock. Future drivers remain supportive—population growth, urban renewal, and scarcity of quality stock—but risks are mounting. New listings, up 17.5–18%, are easing supply tightness, while rate hikes and affordability pressures are softening buyer sentiment. Victoria’s land tax regime is a further drag on investor activity.
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PropCred Estimated Value
Comparable Sales: 2707/31 A’Beckett St sold $470k; 2201/31 A’Beckett St sold $450k | Listed Price Band: $500k-$600k | Value Indicator: high floor, north aspect, secure car space
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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