South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
VIC › South Melbourne › Palmerston Cres
$290,000–$319,000
For sale
Asking range
1
Bedrooms
1
Bathrooms
0
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$290,000–$319,000
Asking range
No recorded sale for this property.
South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$16,953 on top of the price (5.8% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with South Melbourne's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $626/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.
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.
Gross yield if leased at the suburb aggregate is 11.2%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
South Melbourne at a glance
14,519
People
No data
Median sale
$626/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Banksia Property Agency- - - Please call Jake on 0450 660 235 to arrange a private inspection - - -
Positioned on the fifth floor of the iconic Orbis building, this modern one-bedroom apartment offers a stylish, low-maintenance lifestyle in one of South Melbourne’s most convenient locations.
Currently vacant and ready for immediate occupation, the apartment is an appealing choice for first-home buyers, city professionals or investors seeking a well-located addition to their portfolio. The property is expected to achieve approximately $500 per week if leased.
Timber flooring flows through the open-plan living and dining area, complemented by split-system heating and cooling. The streamlined kitchen features excellent cabinetry, stone benchtops, an electric cooktop, Miele oven and integrated dishwasher, plus a concealed European laundry, while the adjoining sheltered balcony provides a private space for a morning coffee or evening drink.
The generously proportioned bedroom includes extensive full-height built-in robes, while the contemporary bathroom offers a large walk-in shower and mirrored storage.
Designed by award-winning ARM Architecture, the Orbis building is immediately recognisable for its striking sculptural façade and secure, modern environment.
The location places you within easy reach of Clarendon Street’s cafés, restaurants and shops, South Melbourne Market, Albert Park Lake, MSAC, the Royal Botanic Gardens and the arts and entertainment precincts of Southbank. Tram services along Park Street, Kings Way and Clarendon Street provide convenient access to the CBD and surrounding suburbs, with the new Anzac Station also nearby.
Property features include:
-Vacant possession and ready to occupy
-Estimated rental return of approximately $500 per week
-Generous bedroom with extensive built-in robes
-Open-plan living and dining area
-Modern kitchen with Miele oven and integrated dishwasher
-Contemporary bathroom with walk-in shower
-Concealed European laundry
-Sheltered private balcony
-Split-system heating and cooling
-Timber flooring through the living areas
-Secure building entry and lift access
-Iconic building designed by ARM Architecture
- - - - - - - - - - - - - - - -
DISCLAIMER: All stated dimensions and distances are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Purchaser to make their own enquiries. Please refer to the Buyer Due Diligence Checklist available at https://www.consumer.vic.gov.au/duediligencechecklist. Photographs displayed may have been enhanced, including for colour/light balancing, and are for illustrative purposes only.
Listing description written by Jake Spano, Banksia Property Agency — reproduced as published, not verified by Districts.
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