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302/6-8 High Street, North Melbourne$140,000
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302/6-8 High Street

North Melbourne, VIC 3051, Australia
$140,000
1 bed 1 bath

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About this property

The Phone Code for this property is: 50676. Please quote this number when phoning or texting. Delivering an impressive 11% gross rental yield, this fully managed student investment apartment offers a true set-and-forget income opportunity. Currently rented at $1,495 per month, this property combines strong returns with peace of mind, thanks to expert management by Student Housing Australia (SHA) - one of Australia's leading student accommodation providers. Located in the heart of North Melbourne, just a short walk to Melbourne University, SHA on High St provides students with unbeatable convenience and lifestyle benefits. With trams at your doorstep, a short walk to the new Parkville train station, and the CBD just minutes away, this location ensures excellent connectivity and year-round rental demand. The apartment comes fully furnished and features: - Modern kitchenette with gas cooking, microwave, and ample storage - LCD TV, study desk and chair, and secure electronic access - Access to shared common areas and on-site laundry facilities Outgoings: - Council Rates: approx. $520 p.a. - Owners Corporation Fees: approx. $2,480 p.a. SHA's professional on-site management guarantees consistent occupancy, professional tenant care, and maximised returns - ideal for investors seeking low-maintenance property ownership in a high-demand student area. Don't miss this rare opportunity to secure a high-yield student investment in one of Melbourne's most sought-after education hubs. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$679/month
$339 /fortnight
Loan $112,000 at 6.10% over 30 years

Upfront costs

Deposit$28,000
Stamp duty$3,470
Conveyancing (est.)$2,000
Total upfront$33,470
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 North Melbourne

This 1-bedroom apartment in North Melbourne, VIC 3051 sits within reach of public transport, local shops and nearby schools. It is listed 74% below the $540,000 median of 66 comparable apartmentswithin 5 km.

Schools near North Melbourne

  • North Melbourne Primary Schoolprimary · Prep-6 · CoEd
  • St Michael's Primary Schoolprimary · Prep-6 · CoEd
  • Mount Alexander 7-12 College-River Nile Campussecondary
  • River Nile Schoolsecondary · 11-12 · Girls
  • SEDA College (Victoria) - The Huddle, North Melbourne Football Clubsecondary
  • St Aloysius Collegesecondary · 7-12 · CoEd

What's nearby

  • Abbotsford Street/Haines Street (bus)637 m away
  • Zanes Hair650 m away
  • Leveson Street Park206 m away
  • Errol Street Park299 m away
  • Chapman Street Reserve336 m away

North Melbourne at a glance

Full suburb profile
Population
14,953
Median age
31
Household income
$1,717/wk
Median rent
$381/wk
Median mortgage
$2,035/mo

Source: ABS Census.

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Suburb market

Suburb price trend

North Melbourne price trend

Median sold · Unit 1 bed

Compound growth -4.8% / yr over 4 yrs

$370kcurrent median

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