415/37-43 Breese Street, Brunswick VIC 3056
415/37-43 Breese Street, Brunswick VIC 3056
North-facing 4th floor GEOX apartment | secure car park included | walk to Sydney Road | strong rental yield potential
The property’s configuration is its primary edge. A north-facing balcony on the fourth floor in a modern complex like GEOX is uncommon in Brunswick’s apartment stock, giving the unit consistent natural light and a quiet position above street level. The inclusion of secure parking, stone benchtops, and a dishwasher lifts it above entry-level offerings, making it suitable for a professional first-home buyer or an investor seeking low-management rental income. The estimated rental return of around $535 per week supports a yield that competes well against other inner-north options, particularly given the building’s proximity to public transport and the Tullamarine Freeway.
The principal risk is the flood overlay detected on comparable units in the same development, which may affect insurance premiums and resale liquidity. Body corporate fees and any special levies should be confirmed before proceeding, as modern apartment blocks can carry unexpected sinking fund costs. The 2013 last sale date suggests the unit may not have been updated recently, though the finishes appear contemporary. For a buyer, this property works best as a hold-and-rent or a long-term owner-occupied base; short-term capital growth is unlikely given the narrow price range in the building, but the location and north aspect protect against downside.
Detailed Independent Property Report prepared by PropCred Analyst team for 415/37-43 Breese Street, Brunswick VIC 3056
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Brunswick presents a stable, well-connected urban market where demand is bifurcated. Young professionals and investors drive strong interest in units, attracted by solid rental yields and proximity to the CBD, while families compete for a limited supply of houses, supporting steady sales volumes. Recent price trends show houses in a period of stability, whereas the unit segment has demonstrated more dynamic movement. Future growth remains anchored to its transport links and enduring rental appeal, though high entry prices for houses present a persistent affordability constraint.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1878m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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