614/750 Bourke StreetDocklands VIC 3008
Property Details for 614/750 Bourke St, Docklands
614/750 Bourke St, Docklands is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 12509m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
Last Listing description (May 2017)
Lot 614S/ 750 Bourke Street, Docklands, VIC
POSITION !! POSITION !! POSITION !!
FULLY REFURBISHED, with a balcony view directly to Etihad Stadium, this one bedroom apartment will attract savvy investors wanting blue chip security in an enviable location.
Recently undergone extensive refurbishment works worth $11,000 which included: new split system air conditioner, hot plates, stone bench tops to kitchen & bathroom, frameless shower conversion and new tap ware.
4% annual increases to rent until 2020
Lease Details
Current Rent: $525.78 per week ($27,340.84 per annum)
Next Rent Increase: 8/09/2017
Current Return: 6.58 % Gross
AUG 2017 + 4% - $28,434 = 6.85%
AUG 2018 + 4% - $29, 571 = 7.12%
AUG 2019 + 4% - $30,754 = 7.41%
Lease Terms: Lease to 7/09/2020 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $1119 per annum
Water Rates: $896 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $996 per annum
Property History for 614/750 Bourke St, Docklands, VIC 3008
- 22 Mar 2017Sold for $433,800
- 14 Mar 2017Listed for Sale Not Disclosed
- 12 Mar 2003Sold for $350,000
Recent sales nearby
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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 17,773 properties. Over the last 5 years, Houses in Docklands have seen a 61.78% increase in median value, while Units have seen a 2.42% increase. As at 31 December 2025:
- The median value for Houses in Docklands is $2,226,009 while the median value for Units is $594,566.
- Houses have a median rent of $680 while Units have a median rent of $700.
Suburb Insights for Docklands 3008
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