FOR SALE
$944,000

1608b/58 Dorcas Street
Southbank VIC 3006

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 98m2
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3 bedrooms Unit, Level 16

58-66 Dorcas Street, Southbank VIC 3006.
Luxury, comfortable, convenient and affordable. Excellent growth potential.
Never tenanted.
Level 16, Unit 1608B, East Tower, 3 Bedrooms 2 bathroom 1 carpark with storage, Internal area: 88.7sqm, Balcony: 8.8sqm, Total area: 97.5sqm
Aspect: East
Ask us about the cash back deals!
Outgoings:-
- OC fee: $6,700 p.a.
Investment highlights:-
1. Location
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Property Details for 1608b/58 Dorcas St, Southbank

1608b/58 Dorcas St, Southbank is a 3 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 98m2. The place is currently for sale with Gibson Land.

Building Type
Apartment
Floor Size
98m2

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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation. In 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 27,879 properties. Over the last 5 years, Houses in Southbank have seen a 24.59% increase in median value, while Units have seen a -1.39% decrease. As at 31 October 2024:

  • The median value for Houses in Southbank is $639,437 while the median value for Units is $576,656.
  • Houses have a median rent of $670 while Units have a median rent of $662.
There are currently 183 properties listed for sale, and 233 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1258 properties were sold in the past 12 months in Southbank.

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Mandy Loh
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