Apartment blocks for sale in Victoria are concentrated in inner-north Melbourne suburbs including Preston, Coburg, Reservoir, Fawkner, Brunswick and Northcote. The vast majority of available stock is sold off-market — access current listings through the Collings Off-Market Portal at collings.com.au/portal.
What Is an Apartment Block Investment?
An apartment block investment (also called a block of units or strata block) is a single certificate of title containing multiple residential apartments or units. The investor owns the entire block and collects rent from every dwelling. This is different from buying a single strata apartment — you own the whole building, not one unit within it.
Apartment Blocks for Sale Victoria — Market Overview 2026
| Suburb | Price Range | Gross Yield | Units per Block | GeeVee Score |
|---|---|---|---|---|
| Fawkner | $1.7m to $3.8m | 8.3% | 4 to 6 | 8.9/10 |
| Reservoir | $1.9m to $4.2m | 7.9% | 4 to 8 | 9.2/10 |
| Preston | $2.1m to $4.8m | 7.8% | 4 to 10 | 9.1/10 |
| Coburg | $2.4m to $5.2m | 7.4% | 4 to 10 | 8.8/10 |
| Brunswick | $3.2m to $6.5m | 6.8% | 6 to 12 | 8.4/10 |
| Northcote | $3.8m to $7.5m | 6.2% | 6 to 14 | 8.1/10 |
Why Are Most Apartment Blocks Sold Off-Market in Victoria?
Owners of apartment blocks typically prefer off-market sales for three reasons: they want to avoid disrupting existing tenants with public inspections, they prefer a discreet transaction for privacy reasons, and they find that qualified investors with access to capital transact faster than the general public market. The Collings Off-Market Portal gives investors direct access to this stock before it reaches any public platform.
SMSF and Apartment Blocks in Victoria After the 2026 Borrowing Ban
The 2026 SMSF residential borrowing ban affects new LRBA arrangements for residential property. Apartment blocks may be classified as commercial property depending on their zoning and use classification — which could mean SMSF borrowing remains available for some block-of-units acquisitions. Seek specific advice from a licensed SMSF adviser before proceeding.
Frequently Asked Questions
What is the minimum price for an apartment block in Melbourne?
Entry-level apartment blocks (4 units) in outer inner-north suburbs like Fawkner and Coburg North start from approximately $1.7 million. In core inner-north suburbs like Northcote and Brunswick, minimum prices are typically $3.5 million and above.
Are apartment blocks in Victoria good investments?
Yes. Gross yields of 6 to 8% are significantly above single residential property (1.4 to 3.5%) in the same suburbs, with the added benefit of diversified income across multiple tenancies.
GeeVee Verdict
Apartment blocks in Victoria’s inner-north represent the best yield-per-dollar property investment available in Melbourne in 2026. Most of the best stock is off-market. Register on the Collings Off-Market Portal to access it before other buyers.
Access off-market apartment blocks in Victoria now. collings.com.au/portal
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