VNNo products in the basket.
Located at 85 Coventry Street, Southbank — the epicentre of Melbourne’s Cultural Arts Precinct, this landmark 24-storey tower by Bruce Henderson Architects is more than a residential development. It is a masterful convergence of nature and urban living, artistic culture and everyday convenience, private sanctuary and vibrant community life. Comprising 173 residences across one-to-three bedroom configurations, Verdé delivers a rare combination of lush greenery, refined architecture, and metropolitan connectivity — positioning it as an exceptional opportunity for owner-occupiers and investors alike.
A Strategic Location with Unrivalled Connectivity
Verdé locates directly adjacent to Anzac Station, one of the key nodes on Melbourne’s metropolitan rail network, offering residents unparalleled access to the city’s most important precincts. From the CBD to Melbourne’s northern and south-eastern suburbs, key destinations are within minutes via rail, complemented by the Anzac tram interchange at street level for seamless last-mile connectivity.
The surrounding precinct represents one of Melbourne’s most compelling lifestyle and investment catchments. The University of Melbourne’s Southbank campus sits just 1.1 km away; the Melbourne Arts Centre at 1.5 km; and Melbourne City Hall at 1.4 km. Victoria University, RMIT University, and the University of Melbourne’s Parkville campus are located within 2.1 km, 2.8 km, and 4.3 km respectively — all well within convenient commuting distance. These are not merely geographical markers; they represent a consistently replenished pool of high-quality rental demand. With Melbourne attracting approximately 300,000 international students annually, the underlying rental market fundamentals at Verdé are structurally strong and self-sustaining year over year.
A Compelling Long-Term Investment Proposition
Verdé is engineered not only as a premium residential address, but as a high-performing, capital-secure investment vehicle in one of the world’s most stable, transparent, and growth-oriented real estate markets. Against a backdrop of suppressed global savings rates and continued volatility across financial markets, tangible asset ownership in Melbourne continues to gain favour among sophisticated investors worldwide.
The investment case for Verdé begins with a developer-guaranteed rental yield of 5% per annum, assured for the first two years post-settlement. This is not a projected estimate or market forecast — it is a contractual commitment from the developer, delivering a reliable income stream from day one, entirely insulated from short-term market fluctuations. Combined with one of the lowest entry price points in the Southbank submarket — two-bedroom residences starting from AUD 847,000 — Verdé presents a rare convergence of competitive pricing, guaranteed returns, and meaningful upside potential.
In terms of ownership structure, all residences at Verdé are offered under Freehold Title — perpetual ownership under Australian law, fully protected by one of the most robust and transparent legal frameworks in the world. Unlike many Asian markets where property rights are constrained by finite land-lease arrangements, ownership at Verdé is unconditional: to occupy, lease, divest, or pass on to future generations entirely at the owner’s discretion. Furthermore, Melbourne’s enduring status as one of the world’s most liveable cities underpins sustained housing demand and long-term capital appreciation across market cycles.
Robust Rental Demand and Flexible Income Strategies
Verdé’s position at the intersection of the Melbourne Arts Precinct and several major university campuses generates a diverse and resilient tenant base — spanning international students, CBD professionals, and high-end leisure travellers attending Melbourne’s world-class cultural calendar.
Investors at Verdé may pursue two distinct leasing strategies, or dynamically alternate between both to optimize returns. Short-term letting via platforms such as Airbnb currently commands rates of approximately AUD 400 per night, or AUD 950–2,000 per week across the Southbank submarket — offering higher gross yields, operational flexibility, and rapid capital turnover, particularly during Melbourne’s year-round event and festival calendar. Long-term residential leasing, targeting international students and established professionals, delivers approximately AUD 900 per week, providing predictable cash flow, a stable and creditworthy tenant profile, and access to favourable tax treatment under Australian property law — a material factor that is frequently overlooked by offshore investors yet carries significant impact on net investment returns.
World-Class Resident Amenities
Verdé offers a comprehensive suite of five-star amenity designed to elevate everyday living. Facilities include a resort-style swimming pool, fully equipped gymnasium, children’s play area, BBQ and outdoor entertaining zones, and a range of curated communal spaces suited to both professional focus and social connection. Each amenity is conceived as a natural extension of the private residence, finished with premium materials and meticulous attention to detail. A grand residential lobby anchors the ground floor, while extensive landscaped green spaces envelop the building — creating a genuine urban sanctuary within one of Melbourne’s most dynamic and culturally significant neighbourhoods.
Melbourne’s property market has demonstrated remarkable resilience across multiple global economic cycles, consistently recovering and appreciating over the long term. With the city’s population forecast to grow continuously, constrained housing supply across inner-city precincts, and a full resurgence of international student enrolments in the post-pandemic era, rental demand in Southbank shows no signs of softening. Just 600 metres from Anzac Station and with seamless access to Melbourne’s economic, educational, and cultural landmarks, Verdé is far more than a place to live — it is a stake in the heart of Australia’s Cultural Capital.
