5417/70 Southbank Boulevard Southbank VIC 3006

Luxury tower | 1-bed high floor | Resort amenities | Southbank entertainment | Investor-focused This unit offers a rare combination of new-build quality and extensive luxury facilities within the tallest residential tower in the Southern Hemisphere, positioning it above Southbank’s older apartment stock. Its high floor ensures superior views and relative scarcity, while the building’s vast amenity set caters strongly to tenants seeking a resort-style lifestyle, making it ideal for investors targeting the premium rental market or professionals valuing convenience. The primary risk is market saturation within a 1277-unit tower, with 79 currently competing for sale, applying constant price pressure. The price guide suggests a yield play, supported by strong rental demand for furnished apartments in this building. Acquire as a long-term rental investment, not for short-term capital growth. A PropCred report would validate its price against recent building sales and clarify strata costs and locality risks like entertainment precinct noise. Recent comparable sales in the same building provide a direct benchmark: – Apartment 2004/70 (2 bed, 2 bath) sold for $520,000 in February 2026 and was rented for $860/week in March. This signals robust rental demand for the building, though the subject 1-bedroom unit will command a proportionally lower price and rent. The sale underscores the building’s investment appeal and provides a tangible anchor for evaluating this property’s offered price range.