61-63 Haig Street, Southbank VIC 3006

A modern 2-bedroom apartment in a well-regarded Southbank tower | Strong rental yield profile for inner Melbourne | Flood overlay noted | Buyer type and price clarity need resolution. This property presents a buying case centred on its position within a newer, amenity-rich building that commands solid rental demand and yields in the 6.6–7.3% range, which is competitive for inner-city apartments. The building’s stable long-term tenure profile and 1 car space add to its appeal for both investors and owner-occupiers seeking convenience near transport, retail and entertainment. For a buyer prioritising yield and lifestyle amenity over capital growth certainty, this unit warrants close inspection. The main constraint is the flood overlay, which requires verification of its practical implications for insurance and future resale. Additionally, the price picture remains unclear, as listing estimates and recorded values diverge meaningfully, so fair value cannot be relied on from the visible evidence alone. This leaves an unresolved tension: whether the unit’s yield advantage is sufficient to offset the overlay risk and the need to resolve a realistic entry price through direct comparable analysis.