907/283 City Road, Southbank VIC 3006

1 bed | Southbank high-rise | no car space | 8.5% gross yield | compact investor unit This one-bedroom Southbank apartment is positioned as a high-yield entry point into an established inner-city rental corridor, with a recent lease of $560 per week supporting an above-market gross return. The building’s gym, pool, and alarm system add tenant appeal, while the partially furnished setup reduces vacancy risk for a buyer targeting the professional or student demographic. It suits an investor seeking cash flow over capital growth, or a first buyer wanting low-cost city access without a car. The main risk is owners corporation fees and building compliance costs, which can erode net yield in older high-density towers. A zero-car-space layout limits resale buyer pool, and the unit’s compact size means it competes with many similar offerings in the same building. Due diligence should confirm sinking fund health and recent special levies. For an investor, hold for rental income and consider a long-term lease strategy to minimise turnover.