5/67 Pender Street, Thornbury VIC 3071

Ground floor | opposite park | long-hold building | 70% rental stock This unit’s competitive edge is its ground-floor position in a low-rise block with unusually long average owner tenure, signalling a well-maintained, stable building. The recent refresh and direct park frontage improve livability and appeal to both owner-occupiers and investors, while the suburb’s strong auction clearance and steady rental yield support resale and income potential. It suits first-home buyers seeking a foothold or investors wanting a lower-maintenance entry in a solid location. The main risk is the 70% rental composition, which can reduce owner-occupier demand and limit capital growth compared to more balanced buildings. The price guide sits below recent estimates, but that gap may reflect current market conditions rather than a bargain. The opportunity lies in buying at the lower end of the range and holding for medium-term gains, leveraging Thornbury’s proximity to schools and transport. Use this as a hold-and-rent or entry-level owner-occupied base.