1912 /23 Mackenzie Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
FOR SALE
$525,000 - $540,000

1912 /23 Mackenzie Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Don't miss out on this great investment opportunity in a tight 2026 rental market to out compete interest rates! $820-$900 weekly rental capacity.

The Phone Code for this property is: 36286. Please quote this number when phoning or texting.
High‑Yield CBD Investment property reduced $10k.
2 Bedrooms | 1 Bathroom | Secure Car Space | Storage Cage
Set high within Melbourne's iconic Conservatory Tower, this well‑configured two‑bedroom. 1-bathroom apartment offers investors a rare combination of strong income, premium tenant appeal, and blue‑chip positioning in a persistently tight CBD rental market.
Investment Snapshot
* Estimated rent: $820-$900 per week
* Indicative gross yield: approx. 8.0% - 9.0%
* Secure car space and storage cage - scarce and highly valued in CBD leasing
* 19th‑floor position providing excellent light, elevation and outlook
* Consistent demand from professional, academic and long‑term tenants
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Property Details for 1912 /23 Mackenzie St, Melbourne

1912 /23 Mackenzie St, Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
Apartment
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,752 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:

  • The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 286 properties listed for sale, and 243 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2548 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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For Sale By Owner (VIC)
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For Sale By Owner Australia Pty. Ltd.
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.