4104/151 City Road, Southbank VIC 3006

41st floor | 3 bed 2 bath 2 car | spacious sub-penthouse | scarce larger format in Southbank tower This apartment’s primary competitive advantage is its configuration: a genuine three-bedroom, two-car residence on a high floor in a building where smaller stock dominates. For a buyer, that means positional scarcity — larger apartments hold value better in resale and command a rental premium from downsizers or families who want the city lifestyle without a house. The dual parking is a material edge in a precinct where one space is standard and two is rare, improving both owner-occupier livability and tenant appeal. It suits a buyer who prioritises long-term hold over short-term flip, particularly if targeting premium owner-occupier demand rather than student rental churn. The key risk is that the building has high investor density and a wide mix of unit sizes, which can suppress capital growth relative to boutique developments. The buyer’s opportunity lies in buying below the 2013 peak-adjusted value, assuming the 2026 listing indicates motivated sale. Avoid overpaying for the view — floor height adds lifestyle value but not proportional resale upside. A plain one-liner: hold for ten years, treat as a lifestyle-plus-stability property, not a high-growth bet.