701/17 Taylor Street, Moorabbin VIC 3189

2-bed, 2-bath apartment | high-floor position in a 72-unit complex | strong rental demand | near schools and transport This property sits in a well-established Moorabbin complex where the configuration—two bedrooms, two bathrooms, and a garage—matches the most liquid segment of the local apartment market. The high-floor position, likely above the ninth level based on nearby comparables, offers better light and reduced street noise, which translates to a premium over lower units in the same building. For an owner-occupier, the zoning for Moorabbin Primary and Bentleigh Secondary College adds family appeal without sacrificing the lock-and-leave convenience. The rental history of similar units at $650–$775 per week signals consistent demand from professionals and downsizers, making this viable for investors targeting a 4–5% gross yield near the $600,000–$620,000 entry point. The primary risk is the complex size: 72 properties means higher body corporate fees and potential for special levies, particularly in a building with lifts and common areas. The 2023 sale at $580,000 and the recent February 2026 sale of unit 702 at $677,500 suggest price growth has been strong, but the spread between low and high estimates ($600,000 to $720,000) indicates some volatility in this micro-market. Buyers should verify the sinking fund balance and recent maintenance history before committing. For a hold strategy, this unit suits a buyer seeking stable capital growth with rental cover—not a flip, but a solid long-term position in a corridor with improving amenity.