3809/151 City Road Southbank VIC 3006
3809/151 City Road Southbank VIC 3006
38th floor parkland views | 83m² two-bedroom | Southbank Grand | young professional catchment
This unit occupies a rare high-floor position in a building where comparable stock rarely trades, and the uninterrupted parkland outlook is a structural advantage that cannot be replicated. The 83m² floorplan is generous for a two-bedroom apartment in this precinct, and the inclusion of a study, ensuite, and secure parking adds genuine liveability for a professional couple or single occupant. The demographic skew toward 20-to-39-year-olds confirms strong rental demand, and the zoning for South Melbourne Primary and Port Melbourne Secondary College broadens the buyer pool beyond investors. For a buyer seeking a well-located, low-maintenance home with a clear lifestyle edge, this unit offers a configuration that outperforms most new-build stock in the same price bracket.
The primary risk is the flat capital growth profile typical of high-density Southbank apartments, where oversupply has compressed long-term appreciation. The 2013 sale price of $683,000 means the current listing range offers no real capital gain over twelve years, and the detected flood overlay may affect insurance costs and future resale appeal. However, the rental yield of approximately 4.8% at the mid-point of the price range is competitive for the area, and the building’s amenities—pool, gym, intercom—support tenant retention. This unit should be held as a long-term income-producing property or a lifestyle home, not as a short-term capital play.
Detailed Independent Property Report prepared by PropCred Analyst team for 3809/151 City Road Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Southbank is a central Melbourne unit-dominated market with strong connectivity, where investor-driven demand for apartments underpins a stable rental environment. Recent price trends reflect a softening market with moderate sales velocity, indicating a period of price adjustment. Future growth is linked to its established infrastructure, though key risks include the potential for oversupply and sustained price sensitivity in the unit segment.
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PropCred Estimated Value
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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