Apartments on Queens road, Melbourne 3004

I have been looking at apartments near city (not in CBD itself ) and there seem to be a big supply of apartments on Queens Road Melbourne.

The area seems residential and greeny and prices are cheaper compared to neighbouring suburbs like Windsor, Prahran. But what I don't get is that they are not really moving fast. There are many that have been listed in the past but not sold.

I wonder why if anyone has some knowledge on this.

 

I used to have one there that was in a building with heritage protection.
It's pretty noisy.

 

Noisy as in noisy tenants or road noise? If it's road noise how could that be of any difference to anything near a busy road.

 

Road noise. Yes it may have similar issues to other places near busy roads.
I'd suggest the area isn't super residential. There's a lot of professional practice type tenants in apartments around there. The thing is when the market isn't going gangbusters people can be more choosey about everything.

 

But that only happens for only 3 days a year. That week would cover how many months of mortgage?

 

Its isolated from everything, super markets, night life, etc
So you get the cons of inconvenience when youre literally in the centre

 

Also what's the reason that they have hotel style concierge ?

 

The one I was looking at actually has very reasonable or even cheap OC fees around $2900pa with a front desk. No pools or gym.