609/499 St Kilda Road, Melbourne VIC 3004

609/499 St Kilda Road, Melbourne VIC 3004
3-bed 2-bath apartment | 96sqm with private lift | Corner position with views | Suits downsizers or professionals | St Kilda Road address This unit is considered a larger-format offering on St Kilda Road, where three-bedroom apartments with two bathrooms and a private lift are uncommon. The corner position is believed to enhance natural light and outlook, which adds to its appeal. It is best suited to buyers seeking a spacious inner-city home without a house – typically downsizers or executive owner-occupiers who value convenience and exclusivity. The established corridor provides proximity to services and education, further supporting long-term demand. The bushfire overlay may be considered a planning constraint, though its impact on value depends on individual risk assessment. The absence of confirmed floor level and aspect might require buyers to verify actual views before finalising price expectations. These factors should be weighed alongside the property’s inherent features.
Detailed Independent Property Report prepared  by PropCred Analyst team for 609/499 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Melbourne’s CBD core is a high-density residential hub where renewed buyer momentum is evident. Demand is driven by professionals, upgraders, and first-home buyers, attracted by improving affordability and proximity to major employment and lifestyle amenities. Recent price growth reflects this, supported by a tight rental market and critically low stock levels. Future growth hinges on sustained population inflows and constrained supply, though risks include a potential softening in sentiment and a recent rebound in new listings which could moderate price gains.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

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