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VIC › Southbank › Southbank Blvd

1716/70 Southbank Blvd, Southbank VIC 3006

For saleApartment

$520,000–$550,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $520,000–$550,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $520,000–$550,000(Listing record · 30 June 2026)
  • CalculationIf it leased at Southbank's advertised median rent ($683/wk), implied gross yield would be 6.83% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$520,000–$550,000

Asking range

No recorded sale for this property.

Southbank at a glance

27,700

People

No data

Median sale

$683/wk

Median rent

No data

Suburb gross yield

See the full Southbank report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$520,000
Stamp Duty (Victoria)
$26,270
Transfer/Registration Fee
$1,321
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$551,291

$31,291 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Southbank's advertised median rent — not a rent for this listing.

Net yield
5.33%
Annual cashflow (pre-tax)
$676
Interest cover (DSCR)
1.02
Annual rent
$35,516
Operating expenses
$7,800
Loan amount
$416,000
Annual interest
$27,040
Gross yield
6.83%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$520,000–$550,000available30 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $683/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 6.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Southbank in one glance

Southbank at a glance

27,700

People

No data

Median sale

$683/wk

Median rent

No data

Suburb gross yield

See the full Southbank report →

Keep researching

  • Why Southbank? Read the area thesis →
  • What else is on the market in Southbank →
  • Other records on Southbank Blvd →

Listing material

Listed by Ausview Estate Agents

Luxury Living Meets Unrivalled Convenience with Panoramic City Views

Experience luxury living in this sophisticated two-bedroom, two-bathroom apartment, perfectly positioned within the tallest residential building in the Southern Hemisphere. Showcasing breathtaking city views and an exceptional inner-city location, this contemporary residence offers an enviable lifestyle with Melbourne's renowned dining, entertainment, universities and cultural precincts all just moments from your doorstep.

Designed with modern living in mind, the spacious open-plan living and dining area is bathed in natural light and seamlessly connects to a sleek contemporary kitchen featuring stainless steel gas appliances, an integrated dishwasher and ample storage. Both bedrooms are generously proportioned with built-in robes, while the master bedroom enjoys the privacy and convenience of a stylish ensuite. Timber flooring enhances the living spaces, complemented by plush carpet in the bedrooms, while the contemporary bathrooms, European laundry, split-system heating and cooling, and secure intercom entry complete the home's impressive list of features.

Perfectly located within walking distance of Melbourne CBD, Flinders Street Station, St Kilda Road trams, Crown Melbourne, Southgate, South Melbourne Market, the Royal Botanic Gardens, Albert Park and Arts Centre Melbourne, this residence offers unrivalled convenience in one of the city's most sought-after locations.

Read the full description

Residents enjoy exclusive access to an exceptional collection of resort-style amenities, including a heated indoor lap pool, spa, sauna, steam room, fully equipped sky gym, private cinema, virtual golf simulator and the Level 11 recreational facilities. The exclusive Star Club further elevates the living experience with the spectacular Star 70 lounge offering panoramic 360-degree views across Melbourne's skyline, Port Phillip Bay and surrounding parklands. Additional resident spaces include the elegant Sky Dining Room, the tranquil Sky Garden and the impressive sky gym, all designed to deliver an unparalleled luxury lifestyle.

Whether you're seeking a premium city residence or a high-quality investment, this exceptional apartment presents a rare opportunity to secure a home in one of Melbourne's most iconic residential towers.

All information provided has been obtained from sources we believe to be reliable; however, we cannot guarantee its accuracy and interested parties should make their own enquiries and rely on their own investigations. Measurements, descriptions, and details are provided as a guide only.

Listing description written by Maggie Hong, Ausview Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Gym
  • Intercom
  • Pool

Also look at

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  • 7301/70 Southbank Blvd, Southbank VIC 3006

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.