809/605 St Kilda Road, Melbourne VIC 3004
809/605 St Kilda Road, Melbourne VIC 3004
Upper-level apartment | resort amenity package | strong owner-occupier appeal | premium St Kilda Road address
This is a competitively positioned apartment within a sought-after St Kilda Road development, offering a configuration that suits downsizers and professionals who value space, security, and lifestyle over traditional house ownership. The 2-bedroom, 2-bathroom layout with a secure car space is above the typical inner-city apartment standard, and the building’s extensive amenity package—pool, gym, gardens, and private dining—adds a layer of everyday convenience that is rarely found in older or smaller complexes. Its position on a tree-lined boulevard near the CBD, Albert Park Lake, and well-regarded schools gives it a location advantage that supports both comfortable living and steady rental interest, making it equally viable for an owner-occupier or an investor seeking inner-metro exposure with a premium finish.
The property’s value may be influenced by its floor level and aspect, which are not fully confirmed but are implied by the unit numbering and the building’s curved design that maximizes light and garden views. The broader complex shows a wide range of sale prices across different unit sizes and configurations, so the final price for this apartment may depend on how its specific position and condition compare to others within the same development. The absence of heritage, flood, or bushfire overlays reduces regulatory risk, but the reliance on strata management and shared facilities means ongoing fees should be considered when assessing overall affordability. The building’s mid-to-late 2010s completion places it in a modern stock category that typically holds value well, though the mixed sales evidence across unit numbers suggests careful comparison is needed to gauge where this particular apartment sits.
Detailed Independent Property Report prepared by PropCred Analyst team for 809/605 St Kilda Road, Melbourne VIC 3004
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Melbourne’s 3004 covers the CBD and inner city, a high-density unit and apartment market. Demand comes from upgrading professionals, first-home buyers, and returning international students, drawn by proximity to jobs, transport, and education. House median is $1,015,000, up 5.5% annually; unit median $642,431, up 2.7%. House sales are 17.8% above the five-year average, clearance rates 67% in October 2025, with a 1.4% vacancy rate and listed stock 21% below five-year norms. Growth is supported by easing rates, better affordability than Sydney, and positive interstate migration. Risks: stretched affordability, listings up 30% month-on-month and 18% year-on-year in October, and new listings 17.5% above last year, pointing to price moderation despite constrained supply.
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PropCred Estimated Value
Comparable Sales: 1306/605 St Kilda Road sold at $618,000 (2-bed, 1-bath, 1-car); 605/505 St Kilda Road sold at $1,400,000 (2-bed, 2-bath) | Property Price Band: $1.0M–$1.3M | Value Drivers: floor level and outlook, condition and finishes, building amenity and parking.
Bedrooms
2
Bathroom
2
Parking
1
Land
1.8 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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