4804/81 City Road, Southbank VIC 3006
4804/81 City Road, Southbank VIC 3006
Corner 2-bed with car space | 2022 build, premium finishes | High-floor, amenity-rich tower | Strong rental demand, investor appeal | Southbank lifestyle location
This apartment holds a genuine edge over much of Southbank’s older stock. The corner layout with floor-to-ceiling glazing and 2.7m ceilings gives it a light-filled, open feel that many newer towers lack, while Miele appliances, concealed climate control, and motorised blinds lift it above the standard developer-grade finish. It sits in a 2022 building with a full amenity package—pool, gym, sauna, theatre, concierge—which keeps it competitive against newer towers coming online. The 2-bed, 2-bath configuration with secure parking targets couples and professionals who want CBD proximity without the compromises of smaller one-bedroom units. For an owner-occupier seeking a low-maintenance, high-spec city base, or an investor chasing reliable rental demand, this property is positioned well within its segment.
Value may be shaped by a few factors worth weighing. The building carries flood and heritage overlays on its profile, which could affect future works or insurance costs, though these are common in inner-city precincts and rarely impact day-to-day living. The high-rise setting means less privacy and more turnover in the resident mix, which can influence how the building feels over time. The exact floor level and aspect are not confirmed, and these matter for light, noise, and resale appeal—a higher corner unit with a clear view would command a premium, while a lower or obstructed outlook may temper it. Rental yield looks healthy, but the wide spread in rents across the tower suggests floor and view drive tenant demand more than finishes alone.
|| Comparable Sales: Unit 3614 sold at $696k; Unit 2910 sold at $1.03M | Property Price Band: $700K–$800K | Value Drivers: corner layout, high floor potential, premium finish package
Detailed Independent Property Report prepared by PropCred Analyst team for 4804/81 City Road, Southbank VIC 3006
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Southbank’s inner-Melbourne position and transport links around St Kilda Road and Southbank Boulevard underpin activity, but the market is overwhelmingly a unit market: 596 unit sales against 7 house sales in the past year. Unit demand is driven by renters and investors, with median weekly rents holding at $695 for both houses and units and units averaging 45 days on market. Price signals are mixed: unit medians range from $501,850 to $555,000, with annual growth between -2.55% and -18.2%; house data is unreliable, with medians of $450,500 and $862,000 and growth of -64.3% on just 2-7 transactions. Infrastructure and rental stability support future demand, but thin house supply, softening unit prices, and 45-55 day selling periods are constraints.
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PropCred Estimated Value
Comparable Sales: Unit 3614 sold at $696k; Unit 2910 sold at $1.03M | Property Price Band: $700K–$800K | Value Drivers: corner layout, high floor potential, premium finish package
Bedrooms
2
Bathroom
2
Parking
1
Land
2334m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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