3908/60 Kavanagh Street, Southbank VIC 3006
3908/60 Kavanagh Street, Southbank VIC 3006
3908/60 Kavanagh Street, Southbank VIC 3006 is a 2-bed, 2-bath, 1-car apartment in a large Southbank high-rise at 60 Kavanagh Street; the listing shows 68 m² and an asking range of $660,000–$710,000. The property was listed for sale on 18 June 2026 as an apartment in Southbank.
39th floor | 2 bed 2 bath 1 car | 68 m² | building amenity stack | parking advantage
This apartment occupies a strong position in Southbank’s high-rise market, where a 2-bedroom, 2-bathroom configuration with a dedicated car space is less common than the typical 1-bath, no-parking stock. The 68 square metres are mid-range for this type, but the second bathroom and parking make it more appealing to professional couples, downsizers, and investors who value convenience and guest accommodation. The building’s heated lap pool, gym, yoga studio, theatre, and rooftop terrace add lifestyle amenity that supports both owner-occupier satisfaction and tenant demand. The 39th-floor position likely offers expansive views, a feature that can differentiate this property from lower-floor units in the same tower and similar buildings nearby.
The building-level median rent and yield indicate solid investor interest in this complex, but the actual rental return for this specific unit may vary depending on floor level and aspect. The property’s value is influenced by its reliance on owners corporation governance and fees, which can affect holding costs and resale appeal. The lack of confirmed construction year in available records means the building’s age and depreciation schedule should be verified, as newer towers may offer better energy efficiency and lower maintenance obligations. The 2-bath layout and parking are genuine advantages that may support stronger price retention than smaller or less configured units in the same precinct.
Detailed Independent Property Report prepared by PropCred Analyst team for 3908/60 Kavanagh Street, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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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
2
Parking
1
Land
2660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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