605 St Kilda Road, Melbourne VIC 3004
605 St Kilda Road, Melbourne VIC 3004
Spacious 3-bed configuration | Resort-grade amenity package | Premium St Kilda Road boulevard position | Strong downsizer and professional appeal | Park and city proximity
What stands out here is the rare combination of genuine three-bedroom space with two secure car spaces, which is uncommon in this corridor’s apartment stock. The building’s amenity—lap pool, gym, private dining, concierge—lifts it well above standard inner-city offerings, and the position on the St Kilda Road boulevard, with trams at the door and Fawkner Park nearby, gives it a blue-chip lifestyle feel. This property suits downsizers or professionals who want low-maintenance living without sacrificing space or quality. The finishes, including Miele appliances and stone surfaces, reinforce a premium standard that should hold appeal among discerning owner-occupiers.
Value may be shaped by the building’s scale and urban setting, which can mean less privacy and more street presence than low-rise stock. The exact premium for the three-bedroom format over the more common two-bedroom units in the same complex is not clearly established, so pricing might require some patience. The north-east aspect and park outlook, where applicable, could add a noticeable layer of desirability. Buyers should weigh the strength of the amenity package against the trade-off of apartment living on a busy boulevard.
|| Comparable Sales: 605/505 St Kilda Road sold $1.4M (2-bed, 120m²) | Property Price Band: $1.3M–$1.4M | Value Drivers: three-bedroom rarity, dual car spaces, amenity quality, park aspect
Detailed Independent Property Report prepared by PropCred Analyst team for 605 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Melbourne’s 3004 covers the CBD and inner city, a high-density unit and apartment market. Demand comes from upgrading professionals, first-home buyers, and returning international students, drawn by proximity to jobs, transport, and education. House median is $1,015,000, up 5.5% annually; unit median $642,431, up 2.7%. House sales are 17.8% above the five-year average, clearance rates 67% in October 2025, with a 1.4% vacancy rate and listed stock 21% below five-year norms. Growth is supported by easing rates, better affordability than Sydney, and positive interstate migration. Risks: stretched affordability, listings up 30% month-on-month and 18% year-on-year in October, and new listings 17.5% above last year, pointing to price moderation despite constrained supply.
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PropCred Estimated Value
Comparable Sales: 605/505 St Kilda Road sold $1.4M (2-bed, 120m²) | Property Price Band: $1.3M–$1.4M | Value Drivers: three-bedroom rarity, dual car spaces, amenity quality, park aspect
Bedrooms
3
Bathroom
2
Parking
2
Land
108m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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