1904/60 Market Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$230,000 | UP TO 8% NET RETURNS

1904/60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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HIGH YIELD CBD INVESTMENT UP TO 8% NET RETURNS

Positioned within the highly regarded Oaks Melbourne on Market, this spacious apartment (approximately 37sqm) presents an outstanding opportunity to secure a high-performing, low-maintenance investment in the heart of Melbourne's CBD.
Situated on the 19th floor, the apartment offers a light-filled open-plan living and dining area with high ceilings, complemented by a modern kitchen featuring granite benchtops and quality appliances. Ducted reverse-cycle air conditioning ensures year-round comfort throughout.
Residents enjoy access to premium hotel-style facilities, including an indoor heated swimming pool, fully equipped gymnasium, and on-site dining, all of which contribute to strong tenant appeal and consistent long-term occupancy.
Investment Highlights:
• Approximate Annual Income: $19,000 per annum, increasing to approximately $19,760 per annum from 1 September 2026 with CPI rental increases (capped at 5%)
• Owner's Annual Outgoings: Approximately $1,500
• Secure Lease: Leased to Oaks Group until August 2031
• Tenant Pays: Owners Corporation administration fund, council rates, and water rates
Nearby trams enable guests to access all the fantastic local cafes, shops, restaurants, and bars that the CBD has to offer, while other attractions within close proximity include Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, Southern Cross Station.
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Property Details for 1904/60 Market St, Melbourne

1904/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Bow Residential.

Building Type
Apartment
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,741 properties. Over the last 5 years, Houses in Melbourne have seen a -35.59% decrease in median value, while Units have seen a -1.07% decrease. As at 31 July 2026:

  • The median value for Houses in Melbourne is $1,425,811 while the median value for Units is $438,824.
  • Houses have a median rent of $713 while Units have a median rent of $680.
There are currently 282 properties listed for sale, and 215 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2486 properties were sold in the past 12 months in Melbourne.

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Jarryd Bow
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