Melbourne at a glance
74,776
People
No data
Median sale
$639/wk
Median rent
No data
Suburb gross yield
$2,872,300
For sale
Asking
3
Bedrooms
2
Bathrooms
2
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
$2,872,300
Asking
No recorded sale for this property.
Melbourne at a glance
74,776
People
No data
Median sale
$639/wk
Median rent
No data
Suburb gross yield
$174,014 on top of the price (6.1% 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.
Pre-filled with 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 $639/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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 1.2%. 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
UnknownArea
Melbourne at a glance
74,776
People
No data
Median sale
$639/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Century 21 City DockDiscover sophisticated city living at 640 Bourke Street, an iconic new residential address by Far East Consortium, perfectly positioned in the heart of Melbourne CBD. Designed by renowned architects Rothelowman, these premium 2-bedroom, 2-bathroom residences combine elegant design, exceptional comfort and an unbeatable inner-city lifestyle.
Thoughtfully designed for modern living, each apartment features a spacious open-plan layout, premium stone kitchen with quality appliances, generously sized bedrooms with built-in wardrobes, two designer bathrooms and floor-to-ceiling windows that maximise natural light and showcase stunning city views.
Residents will enjoy exclusive access to an impressive selection of hotel-inspired amenities, including an indoor swimming pool, fully equipped gymnasium, wellness facilities, private dining rooms, residents' lounges, library, games room and beautifully appointed communal spaces.
Located just moments from Southern Cross Station, Collins Street, Marvel Stadium, Flagstaff Gardens, Melbourne's renowned dining precincts, shopping destinations, leading universities and the Free Tram Zone, 640 Bourke Street offers exceptional convenience for both owner-occupiers and investors.
With just a 10% deposit and settlement on completion, this is a rare opportunity to secure a luxury residence in one of Melbourne's most anticipated developments.
Property Features
Brand new luxury 2 bedroom, 2 bathroom residence
Spacious open-plan living and dining area
Premium stone kitchen with quality appliances
Two generous bedrooms with built-in robes
Two stylish designer bathrooms
Floor-to-ceiling glazing with abundant natural light
Exclusive hotel-style resident amenities
Indoor pool, gymnasium and wellness facilities
Private dining rooms, residents' lounge, library and games room
Prime Melbourne CBD location
Walking distance to Southern Cross Station and the Free Tram Zone
Developed by Far East Consortium
Designed by Rothelowman
10% deposit with anticipated completion in 202
Listing description written by Poonam Bhansali, Century 21 City Dock — reproduced as published, not verified by Districts.
Victoria 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.