Home/Properties/Southbank/1301/9 Power Street
1301/9 Power Street, Southbank$532,500
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For Saleapartment

1301/9 Power Street

Southbank, VIC 3006, Australia
$520,000 – $545,000
2 bed 1 bath60 m²

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About this property

North-East facing apartment on 13th floor of the iconic Prima Tower - Melbourne's most sought-after lifestyle addresses. This two bedroom apartment offers a smart opportunity for investors seeking strong returns in one of a high-demand building offering both capital growth potential and lifestyle appeal in equal measure. Currently leased at $680 per week until Oct. 2027, it delivers an attractive yield. Property highlights: Light-filled open-plan living and dining framed by floor-to-ceiling double glazed glass, with newly installed floorboards and freshly painted walls. Gourmet kitchen with stone benchtops & Miele appliances Two well-proportioned bedrooms one with built-in robe Sleek bathroom with laundry Ducted heating/cooling video intercom North facing balcony offering indoor-outdoor flexibility World-class Prima Tower amenities: 24-hour concierge Indoor 25 metre heated lap pool, sauna, spa & high ceiling gym Resident lounge, cinema, BBQ terrace, Virtual golf Private meeting & dining rooms, massage room Prime location advantages: Walk to Crown Entertainment Complex, Southbank Promenade & Yarra River Minutes from Melbourne CBD, Flinders Street Station & Botanic Gardens Close to universities, public transport and major sporting complex & arterials

Property Details

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

Repayment calculator

$2,582/month
$1,291 /fortnight
Loan $426,000 at 6.10% over 30 years

Upfront costs

Deposit$106,500
Stamp duty$27,020
Conveyancing (est.)$2,000
Total upfront$135,520
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 33% 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

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1 price change recorded for this property

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