306B/71 Riversdale Road, Hawthorn, VIC 3122 | Apartment for sale | OnTheHouse
 
FOR SALE
$135,000 - $138,000

306B/71 Riversdale Road
Hawthorn VIC 3122

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 20m2
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High-Yield Student Apartment in Prime Hawthorn Location

Delivering an impressive 11% rental yield, this fully managed student investment apartment offers a true set-and-forget income opportunity. Currently rented at $1,325 per month, this property combines strong returns with peace of mind, thanks to expert management by UniLodge - one of Australia's leading student accommodation providers.
Located in the heart of Hawthorn, just a short walk to Swinburne University of Technology, UniLodge on Riversdale provides students with unbeatable convenience and lifestyle benefits. With trams at your doorstep, Hawthorn and Glenferrie train stations nearby, and the vibrant Glenferrie Road precinct 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. $450 p.a.
- Owners Corporation Fees: approx. $2,400 p.a.
UniLodge'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.
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Property Details for 306b/71 Riversdale Rd, Hawthorn

306b/71 Riversdale Rd, Hawthorn is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 20m2. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
Apartment
Floor Size
20m2
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About Hawthorn 3122

The size of Hawthorn is approximately 5.9 square kilometres. It has 29 parks covering nearly 10.8% of total area. The population of Hawthorn in 2016 was 23511 people. By 2021 the population was 22322 showing a population decline of 5.1% in the area during that time. The predominant age group in Hawthorn is 20-29 years. Households in Hawthorn are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation.In 2021, 51.80% of the homes in Hawthorn were owner-occupied compared with 45.90% in 2016.

Hawthorn has 16,755 properties. Over the last 5 years, Houses in Hawthorn have seen a 11.14% increase in median value, while Units have seen a -0.27% decrease. As at 30 November 2025:

  • The median value for Houses in Hawthorn is $2,834,702 while the median value for Units is $602,230.
  • Houses have a median rent of $640 while Units have a median rent of $550.
There are currently 33 properties listed for sale, and 16 properties listed for rent in Hawthorn on OnTheHouse. According to Cotality's data, 804 properties were sold in the past 12 months in Hawthorn.

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