519/757 Bourke Street, Docklands VIC 3008

519/757 Bourke Street, Docklands VIC 3008
1-bedroom Docklands unit | car space included | free tram zone | 7.73% rental yield potential This unit offers a rare combination of a car space and strong yield in Docklands, where many apartments lack parking. The 56sqm layout is efficient for a single occupant or couple, and the free tram zone access reduces commute costs significantly. For a buyer seeking immediate rental income with capital growth tied to Melbourne’s inner-city recovery, this property presents a clear entry point. The advertised rent of $600 per week exceeds the estimated $500+ range, which signals either premium positioning or a market test that may soften. The last sale occurred over two decades ago, meaning no recent price benchmark exists. Flood and bushfire risks are absent, but buyers should verify body corporate fees and any special levies. This property suits an investor prioritising yield over short-term appreciation. Hold for rental income and sell when Docklands sees renewed buyer demand.
Detailed Independent Property Report prepared  by PropCred Analyst team for 519/757 Bourke Street, Docklands VIC 3008
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Docklands is a modern, high-density waterfront precinct offering a dynamic urban lifestyle. Demand is driven by professionals and investors seeking convenience and rental returns, evidenced by strong rental growth and quicker unit sales. Recent price trends show a softening house market with extended selling times, while units demonstrate relative stability. Future growth is anchored in its ongoing development and rental appeal, though sensitivity to broader market conditions and limited house turnover present notable constraints.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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