1-8/46 Munster Avenue, Carnegie, Vic 3163-Image

For Sale

1-8/46 Munster Avenue, Carnegie, Vic 3163

Gary Peer & Associates Carnegie - CARNEGIE

1-8/46 Munster Avenue, Carnegie, Vic 3163

$4,700,000 - $5,100,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

800 m²

Area

Last updated on Saturday, May 16, 2026 ( See property details for 1-8/46 Munster Avenue, Carnegie, Vic 3163)

$4,700,000 - $5,100,000

View the agent price guide.

Daniel Micmacher - Real Estate Agent - Gary Peer & Associates Carnegie - CARNEGIE

Daniel Micmacher Sales Consultant

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Matthew Morley - Real Estate Agent - Gary Peer & Associates Carnegie - CARNEGIE

Matthew Morley Licensed Estate Agent & Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A fully refurbished, high-yield investment opportunity comprising eight stylish apartments in the heart of Carnegie with excellent amenities and growth potential.

🏡 Property Highlights

Fully refurbished block of eight modern apartments
Immediate rental income of approximately $281,000 per annum
Prime Carnegie location close to shops, cafes, and public transport
Generous 800m² allotment with potential for future development
Consistent layout with high-quality finishes throughout
Includes two three-bedroom and six two-bedroom apartments

✨ Key Features

Balcony
Built-in Robes
Dishwasher
Open-Plan Living
Security Screens / Gates
Split System Heating / Cooling
Outdoor Area
Garage / Secure Parking
Ensuite
Waterfront / Views

Suburb and Property Insights of Carnegie, VIC 3163

Carnegie is a vibrant suburb renowned for its diverse dining options, excellent public transport links, and proximity to educational institutions like Monash University. It offers a thriving community atmosphere with parklands, shopping precincts, and a strong rental demand, making it an ideal location for investors seeking long-term growth and lifestyle convenience.

Frequently Asked Questions

What is the current rental income and vacancy rate for these apartments?

The property currently generates an approximate annual rental income of $281,000, with all apartments tenanted, ensuring immediate cash flow.

Are there any planning or development restrictions on the 800m² allotment?

Potential buyers should review local council zoning regulations and planning overlays to confirm any development opportunities or restrictions on the site.

What are the ongoing maintenance and management costs for the property?

Ongoing costs include property management fees, council rates, insurance, and maintenance, which should be detailed in the management agreement.

Are there any upcoming infrastructure projects or developments in the area?

Potential buyers should consult local council plans and community notices for information on future infrastructure or development projects in Carnegie.

What is the condition of the building’s structure and essential services?

The apartments have been fully refurbished, with modern finishes and systems, but a detailed building inspection is recommended for confirmation.

What to ask about this property to agent?

Are there any hidden costs or upcoming special levies associated with the property? Has the property been compliant with all local building codes and regulations? Are there any easements, covenants, or zoning restrictions affecting the property? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any planned developments or construction projects nearby that could impact the property’s value or livability? What are the terms of the current tenancy agreements, and are there any lease restrictions? Is the property part of a strata or body corporate scheme, and what are the fees and regulations? Are there any outstanding repairs or maintenance issues not covered in the refurbishment? What are the long-term growth prospects for the Carnegie area? Are there any noise, neighbour, or community issues that could affect living or investment prospects?

1-8/46 Munster Avenue, Carnegie, Vic 3163 - More Details

$4,700,000 - $5,100,000

Type: Block Of Units
Bedrooms: 18
Bathrooms: 15
Parkings: 8
Area: 800 m²

Price guide

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1-8/46 Munster Avenue, Carnegie, Vic 3163 - Point Of Interest

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1-8/46 Munster Avenue, Carnegie, Vic 3163

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