1108/9 Power St

Off Market

1108/9 Power St

Southbank VIC 3006

66 m²

Apartment

Last sold for $550,000

Precy Peet, last sold this property on 01 June 2026 after 79 days on market.

Overview

High-Demand Southbank Investment in Prima Tower

This well-positioned apartment presents an outstanding opportunity for investors seeking strong rental appeal in the heart of Southbank. Featuring a smart and functional floorplan with newly installed carpet, the second room can be utilized as a study or guest room catering perfectly to tenants looking for work-from-home flexibility. Step inside to discover a light-filled open-plan living and dining area framed by floor-to-ceiling double-glazed windows, allowing natural light. The sleek designer kitchen boasts stone benchtops, quality cabinetry, and premium appliances, combining style with functionality. The contemporary bathroom and well-proportioned bedroom with built-in robes complete this turnkey apartment. A private balcony extends the living space, offering a peaceful retreat above the vibrant city. Residents enjoy resort-style amenities, including a 25-metre indoor heated pool, fully equipped gym, sauna, steam room, private cinema, virtual golf room, residents' lounge, BBQ terrace, and 24-hour concierge. Key Investment Highlights Versatile Floorplan: Second bedroom can serve as a study, guest room, or second bedroom. Strong Rental Appeal: Located in the highly sought-after Prima Tower, attracting young professionals. Prime Southbank Location: Steps from Crown Melbourne, Southbank Promenade, restaurants, public transport, and the CBD. Resort-Style Amenities: Indoor pool, gym, sauna, private cinema, lounge, BBQ terrace, and concierge. Ready for Investors: Modern, move-in ready apartment ideal for immediate leasing or long-term capital growth. Lifestyle & Convenience: Combines city living with premium comfort, appealing to a broad tenant market. This apartment is perfectly suited for investors seeking a low-maintenance property with high tenant demand, be it long term or short term leases providing both lifestyle and long-term growth potential in one of Southbank's most prestigious towers.

Features

2 bedrooms

1 bathroom

1 carspace

66 m² floor area

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 1108/9 Power St is $585k.

Median value

$585k

Estimated value range

$370k - $2.05m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Southbank. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1108/9 Power St

2026

Sold

$550,000

Private Sale/Treaty on 01 Jun 2026 by Precy Peet, of Melcorp Real Estate City Central

2017

Sold

$550,000

24 Oct 2017 by Andrew Lean, of Pagan Real Estate

2017

Rented

Undisclosed

Leased on 04 Sep 2017 by Melcorp Real Estate City Central

Happy sellers in Southbank

85%

85% of sellers in Southbank reported that their sale price either exceeded or met their price expectations.

Southbank stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 86 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 445 two-bedroom apartments similar to 1108/9 Power St, have been sold.

This represents a 17% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Southbank for a free market appraisal.

Michael Pastrikos

at Ray White Southbank | Melbourne City

4.9

(306 reviews)

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Natalia Susanti

at MICM

4.9

(375 reviews)

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David Umana

at Ray White Southbank | Melbourne City

4.9

(49 reviews)

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Faith Chang

at MICM

4.9

(277 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Southbank

Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank. They have 72 local sales and collected 25 local reviews across the last 12 months.