Melbourne's unit segment went through a long adjustment as borders closed and preferences shifted. As migration and student numbers normalise, rental demand in well-connected precincts has strengthened, supporting gross yields relative to several years prior.

Body corporate fees and special levies can erode net yields—always review strata minutes and sinking fund forecasts before buying. A slightly higher purchase price with lower ongoing fees may outperform on a net basis.

Parking, storage, and aspect still drive tenant competition. Comparable rents within the same postcode can vary sharply by building quality and micro-location.

General commentary only; inspect each building and seek legal advice on strata matters.