Property Details for 502/252 City Rd, Southbank
502/252 City Rd, Southbank is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015.
Last Listing description (October 2016)
There are much more high rise being built in city and city fringe. Is it still profitable to invest in city or city fringe property? The answer is yes but you need something that makes your property be outstanding in both rental market and sale market.
What you are looking is no further than this project in Southbank.
It is right next to Crown Casion and Entertainment Complex. Construction commenced, settlement scheduled in late 2014. Envious designer living is ideal for both investors and new home buyers. Four C is offering exclusive for the first 15 buyers.
2) Interest bearing on the 10% deposit
3) The developer will pay whatever the stamp duty for the purchasers
4) The developer will pay legal fees for the purchaser
5) The developer will pay loan set up/valuation fee if there are any
For investors,
6) The developer will guarantee a rental return at 5% for the first year commencing on settlement provided the property managed by the agent
7) The developer will pay outgoings for the first 3 years. No out goings for the first three years from the investors pocket !!!
For owner occupiers,
8) The developer will top up the First Home Buyers Grant to 20,000 ! (government will pay 10,000 after the 1st of July this year)
NRAS entitlements are ready for the building. It may be the last NRAS entitlements in CBD.
Various floor plans are available.
Grab the opportunity and choice is yours. Call Emily 0425 896 103 for more info and display inspection.
Property History for 502/252 City Rd, Southbank, VIC 3006
- 31 Aug 2015Listed for Sale $367,000 up
- 04 Jun 2013Listed for Sale $367,000 UP
Recent sales nearby
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0About Southbank 3006
The size of Southbank is approximately 1.6 square kilometres. There are 7 parks, covering nearly 1.5% of the total area. The population of Southbank in 2016 was 18709 people. By 2021 the population was 22631 showing a population growth of 21.0% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation.In 2021, 30.30% of the homes in Southbank were owner-occupied compared with 33.80% in 2016.
Southbank has 30,704 properties. Over the last 5 years, Houses in Southbank have seen a -66.06% decrease in median value, while Units have seen a 1.15% increase. As at 31 July 2026:
- The median value for Houses in Southbank is $470,262 while the median value for Units is $547,922.
- Houses have a median rent of $730 while Units have a median rent of $700.
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