Key takeaways
- Two-bedroom apartments at Southpoint, Highett, from A$715,000 with an estimated 4.3–4.7% gross yield — figures as at July 2025.
- The pitch is Bayside access at roughly half the entry price of Brighton, Sandringham or Hampton, where house medians run above A$2m.
- Five minutes' walk to Highett Station on the Frankston line, around 25 minutes to the CBD, and directly opposite Southland shopping centre.
- As strata stock it qualifies for Victoria's off-the-plan duty concession, which runs to 21 April 2027 and applies to foreign buyers.
- Under construction rather than pre-planning, which removes the approval risk that sits over off-the-plan towers yet to break ground.
If you’re like most global or Singaporean investors I speak to, you’re probably torn right now. One foot in, one foot out of the Melbourne property market.
You're asking:
Is this the right time?
Where can I invest without betting on chaos?
What’s the safest upside under $1M?
Which project won’t give me a heart attack in 3 years?
Where can I get a strong rental return without overexposure?
What areas are insulated from risky policy changes and overdevelopment?
I completely understand, because if I were in your shoes, I'd be asking the exact same questions. We’re talking about your future, your children’s education, or possibly a retirement base. It’s not just about making money. It’s about security, livability, and certainty.
That’s why I want to walk you through why I’m betting on Southpoint, a significant new apartment development by H1Land Group, in a suburb you might not have on your radar yet: Highett, Melbourne.
Let’s Talk Real Numbers (As of July 1, 2025)
| Feature | Details | |
|---|---|---|
| Type | 2-bedroom apartments | |
| Starting Price | From $715,000 | |
| Size | Many at ~$10,000 per sqm (rare in Bayside) | |
| Stamp Duty | Eligible for significant savings | |
| Construction | Basement level complete, due Q2 2026 | |
| Rental Estimate | $600–$650/week | |
| Yield | ~4.3–4.7% gross yield | |
| Incentives | $10,000 rebate |
Compare that to many inner-city towers starting from $950K+, delivering 3.5%–4% yield, and still waiting to break ground.
Why I Call This a Safe Bet
1. The Location Isn’t Just Livable—It’s Rentable
Southpoint is located at 1233–1237 Nepean Highway, Highett. This isn’t inner-city Melbourne. It’s not another over-hyped tower in Docklands. It’s in Bayside—a pocket long admired for its family-friendly lifestyle, stability, and access to the coast.
- Southland Station and Shopping Centre? Across the road – Think of it like a mini Orchard Road or VivoCity right at your doorstep. This Westfield mall brings in steady footfall, jobs, and rental demand.
- 5-minute walk to Highett Station – On the Frankston Line, connecting you to Melbourne CBD in ~25 minutes.
- Close to Brighton, Sandringham & Hampton – These are blue-chip suburbs with median house prices of $2M+, but Highett gives you the same location benefits at half the entry cost.
- Beachside proximity with local community charm – Tenants here aren't transient tourists. They're families, professionals, and downsizers.
- Parks, schools, shops, hospitals? All within a few km.
In short, it’s one of the few places left where you get prestige suburb feel, excellent transport, and shopping—all without paying $1M+.
That location alone makes Southpoint something special – easy to rent out fast, and resell well. But we’re just getting started.
2. It's Already Under Construction
No more “what ifs.” Southpoint is past planning. It’s real. It’s rising. Completion is in sight.
3. It’s Far from Melbourne’s Housing Policy Shakeups
Melbourne’s CBD is under pressure.
In case you missed it, the Victorian Government is demolishing 44 high-rise public housing towers by 2051, with areas like Carlton, Fitzroy, South Yarra and North Melbourne under disruption.
Now, I’m not saying don’t invest in the city. But I am saying that construction zones, tenant displacement, and policy reform add layers of complexity that buyers rarely factor in.
Southpoint? It's nowhere near that noise.
No construction zone dramas. No activist protests. No policy ambiguity. Just clean, stable Bayside living. It’s comfortably outside of that disruption zone.
4. Designed by Rothelowman, one of Australia’s leading architecture firms
A trusted name in architecture.
The floorplans make sense. Practical bedrooms, open-plan kitchens, good natural light, and balconies. It’s a development designed to be livable, functional, and resilient in value — things that tenants value, and buyers don’t regret.
That means better tenant quality, and timeless design.
But What If I Want to Explore Other Areas Too?
Of course, diversification is smart. And here are a few other projects I’m also watching closely.
The Lonsdale (Dandenong) – An Overlooked Area with the Cheapest Prices to Buy In
If you’re looking for the lowest entry price without sacrificing scale or potential, this is it.
- Right in Dandenong’s town centre
- Priced at ~$8,500/sqm—crazy good- From $515,000 for a 2-bedroom
- Completion: Q4 2025- Comes with 2-year rental guarantee at 5%, no OC fees, and no council rates in year 1
Here’s the thing: Dandenong has long been overlooked—but the government’s pumping over $1B into infrastructure and jobs, turning this into a true growth hub.
I call it “the Logan of Melbourne”—you’ll see early-stage value here, especially if you want cashflow, instant rental certainty, and potential price lift within 3–5 years.
Perfect for entry-level investors or those looking to scale fast.
Irving Domain (Box Hill) - Eastside Demand. Parkfront Premium
This one is more refined.
- Prime location in 21–23 Irving Ave, Box Hill
- From $475K for 1-bed, $695K for 2-bed
- Completion by Aug 2025
- Display unit ready to inspect
- $10K Flexi Rebate + nearly sold-out parkfront units
Box Hill is a magnet for overseas buyers—especially those from China and Southeast Asia. It’s got schools, hospitals, shopping, and train lines direct to the city.
This is ideal if you want a solid foothold in an education and healthcare-centric zone, with long-term tenant security.
And you can literally walk to everything—including serenity. Not many can say that at this price point.
Hawthorn East - The Boutique Blue-Chip That's Move-In Ready
Hawthorn East is one of those suburbs where people buy because they want to live there, not just invest.
- 765 Toorak Rd, Hawthorn East
- Right next to Tooronga Village
- 3-bedrooms from $1.375M–$1.75M
- Completed (ready to occupy)
These units are built beautifully—Miele appliances, Fisher & Paykel integrated fridge, dual ovens, concealed climate control, and timber herringbone flooring. No cost was spared.
If you’re looking for quality, blue-chip postcode, and minimal future maintenance, this is your forever-type investment.
Yes, the price is higher—but so is the calibre of buyer and renter. And frankly, it’s rare to get ready-built luxury stock in Hawthorn East without paying $2M+.
Evermore (Southbank) - The Sleeper Hit Now Coming Alive
- In 56–60 Dorcas St, Southbank
- From $702K (2-bed) to $960K+ (3-bed)
- Completed – with brand-new units just released on high floors
This is the classic case of a project where developer-held units are now coming to market as leases end.
Why I love this for my clients? It’s luxury-grade stock without off-the-plan risk.
And the bonus? You get access to facilities that rival hotels—pool, saunas, lounges, cinema, gardens—and even the option to buy extra car parks (a rarity in the city).
It’s a great middle option if you want city exposure without getting caught up in public housing uncertainty.
Prince & Parade (Brunswick) - The Parkside Sanctuary Near the University Belt
- 701 Park St, Brunswick
- 1-bed from $840K | 2-bed from $1.18M
- Completion: Mid 2026
- Overlooks Princes Park, walking distance to Melbourne Uni
If you’re aiming for the student/professional tenant hybrid, this is it.
High-end design (Bates Smart), with green space literally at your doorstep. It’s not cheap, but you’re buying into livability and a long-term tenant stream (uni + hospital workers).
For clients looking to diversify into the education corridor, I strongly recommend this.
Albertine (Queens Lane) - Luxury for Wellness-Oriented Buyers
- Tucked behind St Kilda Rd, 31 Queens Lane, Melbourne
- 1-bed from $728K, 2-bed from $1.095M
- Completion: Early–Mid 2026
This is Mirvac-designed, and everything about it feels curated—from the yoga and wellness spaces, to the level 10 resident lounge with panoramic views.
What I tell clients: this is for people who want a premium address near the Botanic Gardens, without being right on the main St Kilda Road strip.
Think of corporate tenants, medical professionals, quiet luxury buyers.
It’s flying under the radar now—but it won’t stay that way for long.
Trielle (Docklands) - Waterfront Living with High-End Appeal
- 16 Point Park Crescent, Docklands
- 1-bed from $712K, 2-bed from $1.3M+
- Completion: 2027
This one’s for long-term planners.
It’s a jewel in the Yarra’s Edge crown—waterfront, beautifully appointed, and already under construction.
I tell investors looking to park money for the long run: this is your premium growth slow burn.
Come 2027–2028, the Docklands profile will be completely redefined. If you want a luxury hold, Trielle is a strong contender.
Not Sure Which One’s Right for You?
I get it; there’s a lot to consider, and you don’t want to make the wrong move, especially when you're putting your hard-earned money into another country.
Every project here has potential, but the right one depends on you. If you're stuck, just send me a quick message. No pressure. I’ll help you figure out what suits your budget, goals, and timeline best.
Don’t wait for the crowd to catch on. Let’s move before the best units are gone.
Message me now!
Josh Tay