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VIC › South Melbourne › Move In Ready

South Melbourne Move In Ready, South Melbourne VIC 3205

For saleApartment

$3,200,000–$4,200,000

For sale

Asking range

2

Bedrooms

1

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,200,000–$4,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,200,000–$4,200,000(Listing record · 26 Apr 2026)
  • CalculationIf it leased at South Melbourne's advertised median rent ($626/wk), implied gross yield would be 1.02% — 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

$3,200,000–$4,200,000

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

See the full South Melbourne report →

Total cost to purchase

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

Purchase Price
$3,200,000
Stamp Duty (Victoria)
$188,000
Transfer/Registration Fee
$3,614
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
$3,395,314

$195,314 on top of the price (6.1% 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 South Melbourne's advertised median rent — not a rent for this listing.

Net yield
-0.48%
Annual cashflow (pre-tax)
$-181,848
Interest cover (DSCR)
-0.09
Annual rent
$32,552
Operating expenses
$48,000
Loan amount
$2,560,000
Annual interest
$166,400
Gross yield
1.02%

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

2026$913k$1.5m$3.2m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$3,200,000–$4,200,000available26 Apr 2026
  2. Listed$1,500,000–$1,870,000available26 Apr 2026
  3. Listed$913,000–$1,380,000available26 Apr 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 $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.

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 1.0%. 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

South Melbourne in one glance

South Melbourne at a glance

14,519

People

No data

Median sale

$626/wk

Median rent

No data

Suburb gross yield

See the full South Melbourne report →

Keep researching

  • Why South Melbourne? Read the area thesis →
  • What else is on the market in South Melbourne →
  • Other records on Move In Ready →

Listing material

Listed by Red & Grey Realty

3 Bedroom, 2 Bathrooms, 2 Cars

*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*

Please check limited Promotion on select apartments and enquire which is applicable to your preferred apartment

Perfect for FIRB clients who need something now!

Read the full description

Step into a new standard of refined urban living with OASIS — a collection of impeccably crafted residences designed as a true sanctuary within the city. This is a place of quiet elegance, where every detail has been considered to rejuvenate, inspire, and elevate everyday life.

A selection of one, two, and three-bedroom and 4 bedroom apartments, Just completed, caters to a wide range of lifestyles. Each residence offers generous floorplans and breathtaking, uninterrupted views stretching across the city skyline, lush parklands, and the bay.

Inside every home, beauty reveals itself through thoughtful design. Choose between light or dark interior schemes, both enhanced with warm timber, natural stone, and refined gold accents. Sculptural joinery and elegantly curved kitchen finishes echo the building’s architectural form, while premium fittings and layered textures create a sense of understated luxury throughout.

From the moment you arrive, the experience is unforgettable. A dramatic three-story lobby welcomes residents with cascading greenery suspended like a living chandelier, complemented by tranquil water features and a rich natural palette. A dedicated concierge service, available daily, ensures effortless living—assisting with everything from daily errands to lifestyle arrangements.

Residents enjoy access to an exceptional suite of amenities designed for both relaxation and connection. A fully equipped gym, yoga studio, and adjoining sauna support wellness routines, while a thoughtfully designed children’s playroom offers an engaging space for younger residents.

For entertaining, the options are equally impressive. A private dining room with a fully equipped kitchen and adjoining wine bar provides the perfect setting for intimate gatherings, while a state-of-the-art cinema creates an immersive viewing experience. A residents’ lounge with an in-built library offers a peaceful retreat, and a dedicated piano room invites creativity and expression. For business needs, a private conference room is available just moments from home.

At the pinnacle of the experience is the rooftop terrace—an extraordinary garden oasis in the sky. Featuring an infinity pool and outdoor dining spaces, it’s the perfect setting for relaxed afternoons or sunset gatherings, all framed by sweeping panoramic views.

Positioned to capture the very best of city living, residents are surrounded by an abundance of lifestyle attractions. Vibrant cafés, acclaimed restaurants, boutique shopping, cultural landmarks, and expansive green spaces are all within easy reach. A major transport hub just a short walk away ensures fast and seamless connections across the city.

Nearby, you’ll find iconic beachfront destinations ideal for swimming, paddleboarding, or simply unwinding by the water. Scenic coastal spots with palm-lined shores and calm waters sit just minutes away, while the city centre offers world-class retail, dining, and entertainment within close proximity. A renowned local market also provides fresh produce and gourmet delights, adding to the rich lifestyle on offer.

OASIS delivers a rare balance of tranquility and connectivity—an elevated living experience where luxury, comfort, and convenience come together effortlessly.

*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*

Please check limited Promotion on select apartments and enquire which is applicable to your preferred apartment

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Disclaimer:

Please check limited Promotion on select apartments and enquire which is applicable to your preferred apartment

All images, floor plans, and price information are provided as a guide only and are subject to change without notice. Illustrations and visual representations may include upgraded finishes, furnishings, and features that are not part of the standard inclusion.. Prices are correct at the time of publication and are subject to availability and change. Interested parties must confirm availability, pricing, and specifications with Red & Grey Realty prior to making any purchase decision. Red & Grey Realty does not guarantee the accuracy of information provided by third parties and recommends that all buyers conduct their own due diligence. This information does not constitute legal, financial, or investment advice.

Property Code: 291

Listing description written by Kim Robinson, Red & Grey Realty — reproduced as published, not verified by Districts.

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

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