1209/20 Rakaia Way, Docklands, VIC 3008 sold on 04 November 2025 | OnTheHouse
 
SOLD
Sold on 04 Nov 2025 for $400,000

1209/20 Rakaia Way
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 1209/20 Rakaia Way, Docklands

1209/20 Rakaia Way, Docklands is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Unit sold in Docklands in the last 12 months.

Building Type
Unit
Year Built
2006
Local Government
Melbourne
Lot/Plan
1209/PS434030

Last Listing description (February 2016)

First Home Buyers and Investors Listen Up! Average weekly rent $645 over the last 4 financial years!! Or the perfect first step in to the market!

Achieving an incredible average yield of 7.8% approx. over the last four financial years, this is an investment opportunity too good to pass up! Not only for investors, this sleek, stylish one bedroom apartment is the perfect first step into the property market for the first-time buyer.
Boasting uninterrupted northerly views and natural light aplenty, this recently modernised abode is being sold fully-furnished and is located on the 12th floor of the sought-after 'Arkley' residential complex.
Enjoy the generous lounge and meals zone which flows out to the full-length balcony, offering spectacular views of the Melbourne Star Observation Wheel - an absolutely stunning shot at night. Step out your door and take in the excitement of the NewQuay Promenade bars and restaurants, Harbour Town Shopping Centre, Etihad Stadium, CBD attractions, trams, and Southern Cross Station.

The stone kitchen is graced with s/steel splashback and quality appliances, the large bedroom with BIRs has balcony access, and the lush bathroom is equipped with a European laundry. You also have reverse cycle cooling, intercom entry, car space, and facilities incl. pool, spa, sauna, and gym.

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Property History for 1209/20 Rakaia Way, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$400,000
04 Nov 2025
  • 16 Mar 2016
    Sold for $396,000
  • 28 Sep 2015
    Listed for Sale $385,000 - $400,000
  • 30 Jul 2015
    Listed for Sale $400,000 - $425,000
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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Docklands in 2016 was 10964 people. By 2021 the population was 15495 showing a population growth of 41.3% in the area during that time. The predominant age group in Docklands is 30-39 years. Households in Docklands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Docklands work in a professional occupation.In 2021, 30.30% of the homes in Docklands were owner-occupied compared with 34.50% in 2016.

Docklands has 17,772 properties. Over the last 5 years, Houses in Docklands have seen a 27.37% increase in median value, while Units have seen a 1.48% increase. As at 31 January 2026:

  • The median value for Houses in Docklands is $2,396,424 while the median value for Units is $588,363.
  • Houses have a median rent of $685 while Units have a median rent of $700.
There are currently 63 properties listed for sale, and 43 properties listed for rent in Docklands on OnTheHouse. According to Cotality's data, 752 properties were sold in the past 12 months in Docklands.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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