705/333 Exhibition Street, Melbourne VIC 3000

2-bedroom, 2-bathroom, 86m², parking included | Oversized floorplan in a well-managed building | CBD location with strong rental demand | 50/50 owner-renter split signals stability This unit’s primary buying case rests on its uncommon size and parking in a central location, offering a rare configuration that typically commands a premium. The building’s balanced owner-renter mix and active management by volunteer residents indicate a well-run property with enforced standards, reducing the risk of deterioration. The unit best suits an owner-occupier seeking space in the CBD or an investor targeting a tenant profile that values these features over smaller, parking-less alternatives. The property’s strong position is supported by stable growth in comparable sales within the building, suggesting a resilient asset. The key risk is the asking price, which sits above the Melbourne median for two-bedroom units, requiring a buyer to justify the premium through the unit’s size and parking. The building’s strict noise rules and 24/7 security are operational costs that must be factored into holding expenses. The opportunity lies in the long-term hold profile, as units in this building with extended ownership periods have shown consistent, if moderate, annual growth. This property should be acquired for stable, long-term occupancy or rental income, not for short-term flipping.