99/99 Whiteman Street, Southbank VIC 3006

3-bed in low-turnover building | flood overlay | 5G coverage | near primary school | strata includes pool/gym This unit presents a competitively sized three-bedroom offering within an established, amenity-rich building that demonstrates notable tenant stability, with over a third of owners holding for a decade or more. The palatial master suite and full double-glazing are superior finishes for a 2002 build, catering specifically to an owner-occupier or long-term investor seeking a liveable inner-city footprint without premium new-build pricing. Its position within the well-regarded South Melbourne Primary School zone solidifies its appeal to a demographic prioritizing family convenience close to the city. The primary investment constraint is the identified flood overlay, which imposes potential insurance costs and future capital risk. While recent comparable sales within the building show modest long-term growth, the current estimated value range appears supported, suggesting a purchase at the lower quartile of that range would be prudent. Acquire this property as a long-hold proposition, leveraging its rental demand and building tenure profile for stable yield, but only with full due diligence on strata health and overlay implications. Recent sales within the same building provide a clear value benchmark: – Unit 158 (2 bed, 1 bath): Sold $615k, Feb 2026. – Unit 141 (2 bed, 2 bath): Sold $730k, after 3-year hold. – Unit 69 & 185 (3 bed, 2 bath): Sold $800k-$810k, after 8-14 year holds. – Unit 213 (1 bed, 1 bath): Sold $460k, after 11-year hold. This data confirms a established price ceiling for three-bedroom layouts around $810,000, with two-bedroom units trading significantly lower. The subject property’s estimates are consistent with this ceiling, indicating its pricing is set against recent real transactions, not aspiration.