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1108/9 Power Street, Southbank$580,000
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For Saleapartment

1108/9 Power Street

Southbank, VIC 3006, Australia
$580,000
2 bed 1 bath 1 car66 m²

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About this property

This well-positioned apartment presents an outstanding opportunity for investors seeking strong rental appeal in the heart of Southbank. Featuring a smart and functional floorplan with newly installed carpet, the second room can be utilized as a study or guest room catering perfectly to tenants looking for work-from-home flexibility. Step inside to discover a light-filled open-plan living and dining area framed by floor-to-ceiling double-glazed windows, allowing natural light. The sleek designer kitchen boasts stone benchtops, quality cabinetry, and premium appliances, combining style with functionality. The contemporary bathroom and well-proportioned bedroom with built-in robes complete this turnkey apartment. A private balcony extends the living space, offering a peaceful retreat above the vibrant city. Residents enjoy resort-style amenities, including a 25-metre indoor heated pool, fully equipped gym, sauna, steam room, private cinema, virtual golf room, residents' lounge, BBQ terrace, and 24-hour concierge. Key Investment Highlights Versatile Floorplan: Second bedroom can serve as a study, guest room, or second bedroom. Strong Rental Appeal: Located in the highly sought-after Prima Tower, attracting young professionals. Prime Southbank Location: Steps from Crown Melbourne, Southbank Promenade, restaurants, public transport, and the CBD. Resort-Style Amenities: Indoor pool, gym, sauna, private cinema, lounge, BBQ terrace, and concierge. Ready for Investors: Modern, move-in ready apartment ideal for immediate leasing or long-term capital growth. Lifestyle & Convenience: Combines city living with premium comfort, appealing to a broad tenant market. This apartment is perfectly suited for investors seeking a low-maintenance property with high tenant demand, be it long term or short term leases providing both lifestyle and long-term growth potential in one of Southbank's most prestigious towers.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
66 m²
Listed
3 months ago

Repayment calculator

$2,812/month
$1,406 /fortnight
Loan $464,000 at 6.10% over 30 years

Upfront costs

Deposit$116,000
Stamp duty$29,870
Conveyancing (est.)$2,000
Total upfront$147,870
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Southbank

This 2-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 27% below the $795,000 median of 76 comparable apartmentswithin 5 km.

Schools near Southbank

  • South Melbourne Primary Schoolprimary · Prep-6 · CoEd
  • Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd

What's nearby

  • Stop 116: City Road (tram)343 m away
  • Unnamed172 m away
  • Unnamed263 m away
  • Unnamed288 m away
  • Boyd Community Park294 m away

Southbank at a glance

Full suburb profile
Population
22,631
Median age
31
Household income
$1,926/wk
Median rent
$411/wk
Median mortgage
$1,900/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Southbank price trend

Median sold · Unit 2 bed

Compound growth -1.6% / yr over 4 yrs

$605kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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