3509/500 Elizabeth Street, Melbourne, VIC 3000 | House for sale | OnTheHouse
FOR SALE
$295,000 - $315,000

3509/500 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 40m2
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City Living – Ideal for Owner-Occupiers or Investors

A fantastic opportunity to secure a stylish and practical city apartment, perfect for both owner-occupiers and investors.
Currently vacant and ready to move in or lease out immediately, the property offers flexibility with no existing tenancy to work around. With an estimated market rental of approximately $600 per week, it also presents attractive rental potential for investors.
Featuring a bright and comfortable bedroom, modern kitchen, functional living space and impressive city views, this apartment is an excellent choice for first-home buyers, city professionals or those looking to expand their investment portfolio.
Property Highlights:
• Currently vacant – move in or lease out straight away
• Estimated market rent of approximately $600 per week
• Bright and comfortable one-bedroom layout
• Modern kitchen and well-presented interiors
• Fantastic city outlook
• Ideal for owner-occupiers, first-home buyers or investors
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Property Details for 3509/500 Elizabeth St, Melbourne

3509/500 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom House. The property has a floor size of 40m2. The place is currently for sale with Melcorp Property.

Building Type
House
Floor Size
40m2
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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 64,804 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 281 properties listed for sale, and 209 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2438 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Sophia Zhu
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Melcorp Property
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.