515/250 St Kilda Road, Southbank VIC 3006
515/250 St Kilda Road, Southbank VIC 3006
Premium 2-bed, 2-bath, 2-car apartment in The Melburnian | Rare dual car spaces for Southbank | Flood overlay noted in planning data | Owner-occupier and downsizer appeal |
This is upper-tier apartment stock, not typical Southbank product. The Melburnian is a prestige, Mirvac-built complex with concierge, indoor pool, gym, and landscaped gardens. The two-car configuration is a genuine rarity in inner-city apartment living and immediately sets this unit apart from the bulk of investor-grade stock nearby. Large floorplates, premium finishes, and the park-side, boulevard location place it firmly in the top end of the local market. It suits affluent owner-occupiers, downsizers, or buyers seeking a house-like apartment without land maintenance. The address offers proximity to the Royal Botanic Gardens, Arts Precinct, and CBD, with Anzac Station under construction nearby—reinforcing long-term convenience and appeal.
The flood overlay and Special Building Overlay – Schedule 3 are planning controls worth understanding before purchase. They may affect future renovation or development potential and could influence insurance considerations, though they are common for major tower sites in this precinct. The exact floor level and aspect are not confirmed, and in this building outlook quality is a major value differentiator—city skyline, gardens, or park views command meaningful premiums. Owners corporation fees in a premium tower may be higher than typical apartments, so the full budget picture should be reviewed. These factors may shape price expectations, but they do not diminish the property’s core strengths.
Detailed Independent Property Report prepared by PropCred Analyst team for 515/250 St Kilda Road, Southbank VIC 3006
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✕
2
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.
PropCred Estimated Value
Comparable Sales: 1402/250 St Kilda Road sold $2.48M; 1203/250 St Kilda Road sold $2.15M | Property Price Band: $2.1M–$2.3M | Value Drivers: Dual car spaces, building prestige, floor level and outlook quality
Bedrooms
2
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
Other Properties to Compare in This Area
Property buyers often compare multiple homes in the same local area before making a decision. These recent property research pages are selected from the same postcode, nearby postcodes, or the same state where required.
- 8 Oakes Place, Golden Square VIC 3555 — 6 bed · 4 bath · 2 car
- 72 Breasley Parkway, Point Cook VIC 3030 — 4 bed · 2 bath · 2 car
- 94 Lawn Cres, Braybrook VIC 3019 — 3 bed · 2 bath · 1 car
- 1 Carlow Walk, Lalor VIC 3075 — 3 bed · 2 bath · 2 car
- 7 Grant Street, Sebastopol VIC 3356 — 3 bed · 2 bath · 1 car
- 491 Napier Street, White Hills VIC 3550 — 3 bed · 1 bath · 1 car
- 1/84 Opie Road, Albanvale VIC 3021 — 3 bed · 2 bath · 1 car
- 263 Horsham-Noradjuha Road, Lower Norton VIC 3401 — 4 bed · 3 bath · 2 car
- 164 Aylmer Road, Lyndhurst VIC 3975 — 4 bed · 2 bath · - car
- 13 Hemsley Drive, Deer Park VIC 3023 — 4 bed · 2 bath · 2 car
- 189 Cherry Tree Road, Bailieston VIC 3608 — 2 bed · 1 bath · 1 car
- 7 Oakdene Court, Ballarat North VIC 3350 — 4 bed · 2 bath · - car
- 15 Cavendish Street, Portland North VIC 3305 — 5 bed · 2 bath · 2 car
- 5 Kent Court, Mansfield VIC 3722 — 4 bed · 2 bath · 1 car
- 8 Rogers Court, Sunbury VIC 3429 — 4 bed · 2 bath · 2 car
- 15 Dexter Grove, Point Cook VIC 3030 — 3 bed · 2 bath · 2 car
- 895 Sayers Road, Tarneit VIC 3029 — 4 bed · 2 bath · - car
- 9 Bovard Close, Caroline Springs VIC 3023 — 3 bed · 2 bath · - car
- 1/1 Gumbri Place, Brunswick VIC 3056 — 2 bed · 1 bath · 1 car
- 21 Cedarville Close, Highton VIC 3216 — 4 bed · 2 bath · 2 car
- 1 Gowanbrae Drive, Gowanbrae VIC 3043 — 3 bed · 2 bath · 2 car
- 210 Harrisons Back Road, Moonambel VIC 3478 — 3 bed · 1 bath · 6 car
- 3/49-51 Bay Road, Sandringham VIC 3191 — 3 bed · 2 bath · 2 car
- 10/12 Maryville Street, Ripponlea VIC 3185 — 2 bed · 1 bath · 1 car
- 94 Amberly Park Drive, Narre Warren South VIC 3805 — 4 bed · 1 bath · 1 car
- 31 Kensington Cres, Altona Meadows VIC 3028 — 4 bed · 2 bath · - car
- 15 Magpie Avenue, Metung VIC 3904 — 3 bed · 2 bath · 2 car
- 2B Wharton Avenue, Broadmeadows VIC 3047 — 3 bed · 2 bath · 2 car
- 28 Cornwell Cres, Cranbourne East VIC 3977 — 5 bed · 2 bath · 2 car
- 21 Findon Road, Epping VIC 3076 — 4 bed · 2 bath · 4 car
- 3 Cedarwood Cres, Berwick VIC 3806 — 4 bed · 3 bath · 2 car
- 4/270 Shaws Road, Werribee VIC 3030 — 3 bed · 2 bath · - car
- 75 Signature Boulevard, Point Cook VIC 3030 — 3 bed · 2 bath · 2 car
- 1 Pine Ridge Road, Kinglake West VIC 3757 — 4 bed · 2 bath · 4 car
- 4 Seabrook Boulevard, Seabrook VIC 3028 — 4 bed · 2 bath · 3 car
- 6/96 Wells Street, Southbank VIC 3006 — 3 bed · 2 bath · 1 car
- 61 Swanston Street, Heidelberg Heights VIC 3081 — 2 bed · 1 bath · 2 car
- 27 Scenic Cres, Ballarat North VIC 3350 — 4 bed · 2 bath · - car
- 23 New Street, South Kingsville VIC 3015 — 2 bed · 1 bath · - car
- 5 Quinn Street, Bell Post Hill VIC 3215 — 3 bed · 2 bath · - car
- 2/12 Golden Avenue, Bonbeach VIC 3196 — 2 bed · 1 bath · 1 car
- 254 Wright Street, Westmeadows VIC 3049 — 4 bed · 1 bath · 3 car
- 44 Goulburn Road, Echuca VIC 3564 — 3 bed · 2 bath · 2 car
- 1/24 Widford Street, Glenroy VIC 3046 — 2 bed · 1 bath · 1 car
- 12 Bellevue Avenue, Rosanna VIC 3084 — 3 bed · 1 bath · 2 car
- 671-719 Banks Road, Marcus Hill VIC 3222 — 4 bed · 2 bath · 3 car
- 1 Jurat Road, Lilydale VIC 3140 — 2 bed · 1 bath · - car
- 47 Hick Street, Spotswood VIC 3015 — 5 bed · 3 bath · 2 car
- 125 Calder Highway, Diggers Rest VIC 3427 — 4 bed · 2 bath · 4 car
- 29 Alicia Street, Bell Park VIC 3215 — 3 bed · 1 bath · 2 car
- 2/8 The Strand, Williamstown VIC 3016 — 2 bed · 1 bath · - car
- 35 Thornton Road, Lara VIC 3212 — 3 bed · 1 bath · 4 car
- 2/6 Tracey Cres, Brighton VIC 3186 — 3 bed · 2 bath · 2 car
- 27 Turnbull Street, Sale VIC 3850 — 3 bed · 1 bath · 2 car
- 88 Tyquin Street, Laverton VIC 3028 — 3 bed · 1 bath · 2 car
- 11B Urquhart Street, Woodend VIC 3442 — 3 bed · 2 bath · 2 car
- 15 Vanessa Court, Oakleigh South VIC 3167 — 3 bed · 2 bath · 2 car
- 6/13 Wallarano Drive, Noble Park VIC 3174 — 2 bed · 1 bath · 1 car
- 112 Weeroona Street, Rye VIC 3941 — 3 bed · 1 bath · 2 car
- 43 Westmoreland Road, Sunshine North VIC 3020 — 3 bed · 1 bath · 1 car
- 134 Woodland Street, Strathmore VIC 3041 — 3 bed · 1 bath · 2 car
- 4 Yuille Street, Frankston VIC 3199 — 2 bed · 1 bath · 1 car
- 7 Victory Parade, Ascot Vale VIC 3032 — 3 bed · 2 bath · 1 car
- 1/24 Hansen Street, Mount Waverley VIC 3149 — 3 bed · 1 bath · 1 car
- 270 Ferrars Street, South Melbourne VIC 3205 — 2 bed · 1 bath · - car
- 8/52 Westgarth Street, Northcote VIC 3070 — 2 bed · 1 bath · 2 car
- 2/3 Bowen Road, Doncaster East VIC 3109 — 2 bed · 1 bath · 1 car
- 23 Princess Street, Maffra VIC 3860 — 2 bed · 1 bath · - car
- 2/11-13 Ramsay Street, Bayswater North VIC 3153 — 2 bed · 1 bath · 1 car
- 26 Riddle Street, Bentleigh VIC 3204 — 5 bed · 1 bath · 3 car
- 33 Robin Street, Lakes Entrance VIC 3909 — 4 bed · 2 bath · 2 car
- 5 Rossmore Avenue, Yallourn North VIC 3825 — 3 bed · 1 bath · 1 car
- 1/38 Rowe Street, Euroa VIC 3666 — 2 bed · 1 bath · 1 car
- 41/26-46 Rutherford Road, Viewbank VIC 3084 — 2 bed · 1 bath · 1 car
- 2003/18 Hoff Boulevard, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 311/65 Coventry Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 14/1 Riverside Qy, Southbank VIC 3006 — 2 bed · 1 bath · 1 car
- 2302/48 Balston Street, Southbank VIC 3006 — 2 bed · 1 bath · 1 car
- 207/83 Queens Bridge Street, Southbank VIC 3006 — 2 bed · 1 bath · 1 car
- 3211/60 Kavanagh Street, Southbank VIC 3006 — 3 bed · 2 bath · 1 car
- 4511/35 Queens Bridge Street, Southbank VIC 3006 — 2 bed · 1 bath · - car
- 1905/25 Coventry Street, Southbank VIC 3006 — 2 bed · 2 bath · 2 car
- 4804/81 City Road, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 3815/70 Southbank Boulevard, Southbank VIC 3006 — 2 bed · 1 bath · - car
- 4210/45 Clarke Street, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 1201/8 Dorcas Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 86 Queens Bridge Street, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 211/100 Kavanagh Street, Southbank VIC 3006 — 3 bed · 2 bath · 1 car
- 4512/70 Southbank Boulevard, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 3201/43 Hancock Street, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 2806/11 Bale Circuit, Southbank VIC 3006 — 3 bed · 2 bath · 1 car
- 706/22 Dorcas Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 2911/1 Balston Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 9501/70 Southbank Boulevard, Southbank VIC 3006 — 3 bed · 3 bath · 2 car
- 201/39 Coventry Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 8406/70 Southbank Boulevard, Southbank VIC 3006 — 3 bed · 2 bath · 2 car
- 1716/70 Southbank Boulevard, Southbank VIC 3006 — 2 bed · 2 bath · - car
- 3106/45 Clarke Street, Southbank VIC 3006 — 2 bed · 2 bath · 1 car
- 3505/105 Clarendon Street, Southbank VIC 3006 — 2 bed · 1 bath · 1 car
- 4802/245 City Road, Southbank VIC 3006 — 2 bed · 2 bath · 1 car