Listed MY80 Melbourne apartment facing potential loss of $96,000 on 2014 price

Staff reporterMay 26, 20200 min read

A Melbourne residential unit has been listed with a price guide which could trigger a loss of up to $96,000 on its 2014 purchase price.

Located at 4310/80 A'Beckett Street - within the MY80 building - the apartment features two bedrooms, two bathrooms, and a car space.

It comprises 57 square metres of internal floorspace.

The tower also features a swimming pool, gym, sauna, conference room, restaurant, coffee shop and garden.

It sold in 2014 for $786,000.

The current listing gives a price guide of $690,000 to $720,000.

Jenny Wu, from JT Oliver, has the listing.

Her price guidance was based on the following three comparable sales.

2710/80 Abeckett Street 




6104/462 Elizabeth Street  



2703/265-273 Exhibition Street 





The sale reflects a growing concern about the stability of Melbourne's housing market in the current economic climate, with HSBC estimating prices could drop by as much as 17% if the current downturn is prolonged.

Another unit, on the same street, has also been recently listed with a price guide reflecting a likely loss on the investment.


Staff reporter

Property Prices
This website uses cookies to ensure you get the best experience on our website. Find out more in our privacy policy.
Accept Cookies