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This property has been sold for $291,000 on 17 July 2026
64 days on market
Market context at sale
Listing journey
EssentialsThis property went through 1 price reduction over 64 days on market. See what it first asked, every reduction along the way, and what it finally sold for.
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Property overview
This 1-bedroom apartment at 3306/57-61 City Road in Southbank, VIC 3006 sold for $291K in July 2026, with 1 bathroom. It offers 42 m2 of internal living space. Southbank is about 1.3 km from the CBD. 113 schools sit within about 5km, and the area scores 95 for walkability and 100 for transit out of 100.
More in Southbank
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- 1902/250 City RoadApartment · 1 bed · 1 bath$350,000 - $380,000
- 246/183 City RoadApartment · 1 bed · 1 bath$400,000 - $440,000
Recently sold nearby
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $312,000 asking signal.
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Unusually high yield
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Est. Valuation
$371,348
Potential Sell Price
Est. Rent/wk
$593
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $312,000
- Stamp Duty (Victoria)
- $13,790
- Transfer/Registration Fee
- $1,500
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $329,990
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Density
- High Density
- Listed
- Last Updated
- Postcode
- 3006
- Original listing
- Original listing is on paid plans
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Positive cashflow properties under $500K in Australia
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How accurate are AU property valuations?
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