505/20 Rakaia Way, Docklands, VIC 3008 | Property Value & History | OnTheHouse
OFF MARKET

505/20 Rakaia Way
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 91m2
Land area: 3175m2
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Property Details for 505/20 Rakaia Way, Docklands

505/20 Rakaia Way, Docklands is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 3175m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in February 2017.

Building Type
Unit
Year Built
2001
Floor Size
91m2
Land Size
3175m2
Local Government
Melbourne
Lot/Plan
505/PS434030

Last Listing description (March 2017)

With unprecedented outdoor space (approx. 60m2) which is bound to make entertaining an undoubted highlight, this sensational two bedroom, two bathroom apartment is a unique and stylish offering in the coveted Arkley residential complex.
This residence is a prime prospect for owner-occupiers who love a relaxed indoor/outdoor lifestyle. The alfresco zone at the rear of the property is truly unique and hard to find in apartments, with generous and dedicated patio and courtyard areas making a perfect space to have BBQs with friends or just relax with a quiet wine after work. The plants/tress also benefit from an irrigation system for low maintenance.

Inside, be further impressed by the open plan living and dining zone featuring floor-to-ceiling windows, meanwhile the pristine kitchen adjoining the central area has a long breakfast bar and superior stainless steel appliances. Both bedrooms have BIRs including the spacious main retreat which has room for a study and features direct access to the patio, while two separate bathrooms are well-appointed and modern.

Other property features include a laundry, reverse cycle heating and cooling, secure intercom, secure car space, storage cage and access to a pool, spa, golf practice net, and gym. The impressive building is also named after notable Australian artist Howard Arkley.
The NewQuay precinct is one of the standout areas of the Docklands and a popular choice for residents. You can enjoy an amazing selection of surrounding cafes and restaurants, as well as being close to Costco, Harbour Town Shopping Centre, and an IGA supermarket. You re also seconds to trams taking you to West Preston, Bundoora RMIT, and the CBD, as well as being near Southern Cross Station.

Property History for 505/20 Rakaia Way, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$625,000
25 Feb 2017
  • 25 Feb 2017
    Sold for $625,000
  • 07 Feb 2017
    Listed for Sale $595,000 - $625,000
  • 04 Nov 2006
    Sold for $435,000
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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. There are 12 parks, covering nearly 5.3% of the 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 18,971 properties. Over the last 5 years, Houses in Docklands have seen a 35.90% increase in median value, while Units have seen a -0.52% decrease. As at 30 April 2026:

  • The median value for Houses in Docklands is $2,724,617 while the median value for Units is $597,421.
  • Houses have a median rent of $730 while Units have a median rent of $700.
There are currently 64 properties listed for sale, and 29 properties listed for rent in Docklands on OnTheHouse. According to Cotality's data, 769 properties were sold in the past 12 months in Docklands.

Suburb Insights for Docklands 3008

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Cotality Copyright and Legal Disclaimers about Property Data
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.