412/37-43 Breese Street, Brunswick VIC 3056

| Price growth flat in complex | Comparable sales show high variance | Young tenant profile signals turnover risk | Parking included but trade-offs The property sits in a large complex where median price growth has been negligible for years, with several one-bedroom units selling below previous purchase prices after long holding periods. The recent sale of a two-bedroom unit at $480,000 suggests limited upside for one-bedroom configurations. Given the building’s high proportion of young renters and short tenure times, capital appreciation may remain subdued, making this better suited as a long-term hold for rental income rather than a short-term flip. The one-bedroom with parking is competitively priced when compared to similar units in the same street that recently sought higher price ranges, providing a potential entry point below market peaks. Its primary appeal is to first-home buyers or investors wanting a secure position in Brunswick’s strong rental catchment near good schools and public transport. If you proceed, focus on securing the property below the median building value to build in immediate equity.