Why Melbourne buyers are turning back to one-bedroom apartments

MR Advocacy director and buyer’s agent Madeleine Roberts says she has reversed advice said was giving clients on one-bedroom apartments just 12 months ago. Older one-bedroom apartments priced around $400,000 are back in buyers’ sights across some of Melbourne’s most expensive suburbs. A new Market Picks Spring 2026 report from buyer’s agency MR Advocacy has noted the$412,000-$475,000 price being paid for one bedders in South Yarra, Elwood and Brighton is just a fraction of the $2.6m being paid for houses. But with rents high enough that the apartments will effectively pay for themselves in as little as 20 years, compared to the almost 30 years for a house, it’s becoming a price point property investors are eyeing off in the aftermath of major changes to investor tax settings. RELATED: Chris and Lauren Tarrant’s Toorak mansion revealed ‘Crazy’: Aussie witch house behind top street Waterfront estate back on market after asbestos row Director and buyer’s agent Madeleine Roberts said the shift had overturned advice she was giving clients just 12 months ago. “I myself was one of those people who warned people away from them only 12 months ago,” Ms Roberts said. The report, using HtAG An...