8205/70 Southbank Boulevard, Southbank VIC 3006

Large 3-bed apartment | Flood and heritage overlay | 60% owner-occupied | Strong rental demand This property offers a rare configuration in a high-density building: a full 151-square-metre three-bedroom apartment with three bathrooms and two car spaces, which positions it well above the Southbank median for similar units. The 60% owner-occupier ratio in the building suggests stable tenure and better common-area care, while the ducted heating and cooling, floorboards, and in-building gym and pool add genuine liveability. It is best suited to a professional couple or small family seeking a primary residence rather than a pure investment, given the size and layout. The flood and heritage overlays introduce non-trivial constraints on future alterations and may affect insurance premiums, which should be factored into holding costs. The building’s large 1,277-unit scale means common-area wear and resale competition from similar floorplans are real risks. However, the recent sale of a smaller three-bed unit in the building at $1.55 million after modest growth suggests the market has not priced in a premium for size here. A buyer should treat this as a long-term hold for lifestyle use, not a short-term trade.