36/2-4 William Street, Murrumbeena VIC 3163
36/2-4 William Street, Murrumbeena VIC 3163
2-bed, 2-bath apartment | established low-rise block | rail and retail within minutes | strong owner-occupier demand | parking and storage likely included
This unit sits in a well-established apartment pocket of Murrumbeena, a suburb where detached houses dominate but compact, secure apartments are increasingly sought after. The configuration is practical for downsizers or professionals who want low-maintenance living without giving up proximity to Hughesdale Station, Poath Road cafes, and Chadstone. The building itself appears to be a solid, mid-rise product with consistent turnover, which suggests the complex is well-regarded and lettable. For an owner-occupier, the appeal is convenience and ease; for an investor, the rental demand is evident, with comparable units leasing around the mid-$600s per week. The location is the real strength here, not the land, and that suits a buyer who values lifestyle over yard space.
The price you pay will hinge on the unit’s specific floor level, aspect, and internal condition, since these vary unit to unit even within the same building. A higher floor or a quieter orientation may justify a premium, while a lower unit with less natural light might trade at a discount. Parking and storage allocations also matter, as they do in any strata setting. The building’s age is not documented, but it is established, so factor in potential for future special levies or maintenance costs. That said, the sales history in this complex shows a tight band, which indicates the market has a clear view of what these units are worth, and you should anchor your expectations accordingly.
|| Comparable Sales: 30/2-4 William Street sold $620,000; 23/2-4 William Street sold $610,000 | Property Price Band: $580,000–$650,000 | Value Drivers: floor level, internal condition, parking allocation, and aspect
Detailed Independent Property Report prepared by PropCred Analyst team for 36/2-4 William Street, Murrumbeena VIC 3163
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Murrumbeena sits 13km southeast of Melbourne, a tree-lined, art-deco suburb rejuvenated by the train station upgrade and sky rail. Demand is driven by 30-39 year-olds—the dominant cohort—with families making up 46.7% of households and 62.9% owner-occupiers. House prices are elevated but directionless: medians range from $1.605m to $1.71m, with annual growth between -3.0% and +5.9%. Units are weaker, with medians from $420k to $661k and declines as steep as -25% annually. Stock turns in 25-38 days, yet sales volume is thin at roughly 62-115 houses a year. Gross yields are modest for houses (2.57%) but stronger for units (4.4-5.3%), which rent for around $500 weekly versus $672-$825 for houses. The infrastructure upgrade and urban renewal underpin future demand, but affordability constraints and rate sensitivity loom given high entry prices and soft unit performance.
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PropCred Estimated Value
Comparable Sales: 30/2-4 William Street sold $620,000; 23/2-4 William Street sold $610,000 | Property Price Band: $580,000–$650,000 | Value Drivers: floor level, internal condition, parking allocation, and aspect
Bedrooms
2
Bathroom
2
Parking
1
Land
1739m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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