1006/118 Russell Street Melbourne

Investment Checklist
Financial Advice
Need some financial advice?
A good Financial Advisor will take the varied elements of your financial life and combine them in one. More info here
Add a favourite
Property Investing eBook
Subscribe to our newsletter
Get your free copy of "The 5 Pillars of Successful Property Investing" when you subscribe to our monthly newsletter. Get a free eBook
Off Plan Property
Invest My Way's Network
Off-plan, NRAS and cash-flow positive investment property. Enquire today and receive free access to ethical advisors and research backed development projects.

Join our Investor Network
Apartment
2 bed
1 bath
0 car
Investment Characteristics

1006/118 russell street, melbourne, VIC

1006/118 russell street melbourne
We've done a basic assessment of 1006/118 Russell Street Melbourne on the following criteria
  • Advanced property data on 1006/118 Russell Street Melbourne
  • Are prices relative to income and interest rates cheap or expensive?
    The proportion of the average primary income required to repay the average mortgage. If the Affordability Index is higher than its long term average then prices are likely to stagnate or fall.
    Melbourne Affordability IndexHelp Icon
    33%
    Long Term Affordability IndexHelp Icon
    39%
    RBA Interest RateHelp Icon
    2.50%
  • Is growth likely for 1006/118 Russell Street in the short term?
    To ensure capital growth, buy in the right phase of a market cycle and buy the right type of property. Short term price variations occur due to changing supply and demand dynamics. An undersupply of housing is likely to put upward pressure on rents and values.
    VIC Pop. GrowthHelp Icon
    1.5%
    Region Pop. GrowthHelp Icon
    1.6%
    3000 / VIC UnemploymentHelp Icon
    8.9% / 5.8%
    State BudgetHelp Icon
    $7.4b
  • Is it cheaper to buy or rent around 1006/118 Russell Street Melbourne?
    Understanding how much 1006/118 Russell Street Melbourne will rent for and how long it could remain untenanted is an essential consideration prior to purchasing to avoid excess holding costs.
    2br Median RentHelp Icon
    Coming soon
    Rental YieldHelp Icon
    Low data
    Vacancy RateHelp Icon
    Coming soon
    For RentHelp Icon
    940
  • Is it a buyers or sellers market at 1006/118 Russell Street Melbourne?
    The price paid for 1006/118 Russell Street Melbourne will impact its overall performance. Paying more than market value will reduce capital growth potential, paying below market value will result in immediate equity.
    Property on MarketHelp Icon
    849
    Property in SuburbHelp Icon
    15,551
    % For SaleHelp Icon
    6%
    Avg Days on MarketHelp Icon
    119 days
  • Does 1006/118 Russell Street Melbourne tick all your boxes?

    Then follow these final steps before making an offer:
    Are there any issues with the building?
    Have you read the sale contract?
    Do you have the best loan advice?
  • Have you compared 1006/118 Russell Street Melbourne to these properties?

    $355,000
    Other
    1 bed
    0 bath
    0 car
    $355,000
    Apartment
    1 bed
    1 bath
    0 car
    $360,000 - $380,000
    Apartment
    2 bed
    1 bath
    0 car
    $360,000 - $390,000
    Apartment
    1 bed
    1 bath
    0 car
    $360,000
    Apartment
    1 bed
    1 bath
    0 car
Westpac
Visa, Mastercard
Godaddy Secure SSL
Invest My Way Pty Ltd provides all content and functionality "as is" and without warranties of any kind, either express or implied, and due to the nature of sourced data does not guarantee 100% accuracy of information. Please seek professional advice before engaging in any property purchase to determine the correct strategy for you.