Docklands VIC 3008, Australia
Also written as Unit 507, 20 Rakaia Way.
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
It is a self‑contained unit featuring one bedroom and one bathroom, situated on a sizeable 3,175 m² parcel of land
The unit sits on a land area of 3,175 m², providing generous outdoor space for a city dwelling
Several tram stops are within 0.1–0.5 km, including NewQuay Prom/Docklands Dr, Waterfront City/Docklands Dr, and Central Pier/Harbour Esp. The nearby Southern Cross railway station and major roads such as Wurundjeri Way also give easy access to the CBD
The District Docklands shopping mall, Docklands Stadium, O'Brien Icehouse, and the Melbourne Star observation wheel are all within a 0.5 km walk, offering a range of retail, dining and sport options
Accommodation such as Quest NewQuay (0.1 km), The Sebel Melbourne Docklands (0.1–0.2 km), Four Points by Sheraton Melbourne Docklands (0.3 km) and Peppers Docklands Melbourne (0.5 km) are all within easy walking distance
Docklands had a population of 15,495 in the 2021 census, with a multicultural community where only about a third were born in Australia and a large proportion live in flats or apartments
The unit is set in the inner‑city Docklands suburb, a waterfront precinct along the Yarra River, close to landmarks such as Docklands Stadium and the Southern Cross station, reflecting the area’s recent urban renewal
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