69 Dorcas Street, South Melbourne VIC 3205

New residential tower | city & bay views | high rental yields | walking distance to CBD & markets This unit presents a competitively priced entry into a modern, amenity-rich building in a tightly held South Melbourne location. Its configuration as a two-bedroom unit with parking aligns with strong local rental demand from professionals seeking proximity to the CBD and Southbank, evidenced by consistent yields above 5.5%. The property’s primary appeal is to an investor seeking a low-maintenance, high-demand unit with reliable income, rather than a owner-occupier prioritizing space or luxury finishes. The principal risk is below-average capital growth, as demonstrated by the building’s mixed long-term performance; some units have seen sub-2% annual growth. This necessitates a buy-and-hold strategy focused on yield to offset modest appreciation. The commercial logic is clear: secure a tenancy in a premium location with predictable cash flow. Acquire this for its income stability, not for short-term equity gains. Recent sales within The Vista Apartments provide clear benchmarks: – Unit 35: 2 bed, 1 bath, 1 car. Sold $630,000. Yield 5.78%. – Unit 81: 2 bed, 2 bath, 1 car. Sold $707,453. Rent $682/week. – Unit 61: 2 bed, 2 bath, 2 car. Sold $750,000. Yield 5.55%. – Unit 121: 2 bed, 2 bath, 2 car. Sold $875,000. This data confirms a direct value correlation with parking and bathroom count. The subject unit’s estimated value aligns with the entry point for two-bedroom configurations, justifying its pricing against recent building sales.