809/333 Exhibition Street, Melbourne VIC 3000

2-bed, 2-bath apartment with parking | 50/50 owner-renter building | 76-79sqm internal | 71% auction clearance | Free tram zone This unit offers a rare combination of practical size and parking in a building with balanced owner-renter mix, which supports both livability and resale appeal. The 76-79sqm internal area is competitive for a two-bedroom apartment in this price range, and the inclusion of a dedicated car space adds tangible value in a CBD location where parking is scarce. The building’s 71% auction clearance rate and 50/50 owner-renter split indicate stable demand and reasonable owner-occupier interest, making this suitable for a young professional or investor seeking a well-located property with solid fundamentals. The primary risk is the 2013 last sale date, which limits recent price discovery and may mean the unit requires updating. The building’s high proportion of renters (50%) and short-term tenure (44% stay 3-6 years) suggest turnover that could affect community stability. However, the free tram zone, proximity to RMIT and CBD, and 5G coverage are strong rental demand drivers. The opportunity lies in negotiating from a position of limited recent comparable sales, potentially securing a discount if the unit needs cosmetic work.