401/488 Swanston Street, Carlton, VIC 3053 | Property Value & History | OnTheHouse
FOR RENT

401/488 Swanston Street
Carlton VIC 3053

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 31m2
Land area: 2783m2
This property is currently on the market
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Property Details for 401/488 Swanston St, Carlton

401/488 Swanston St, Carlton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 2783m2 and floor size of 31m2.This Property is currently listed for rent with MRE

Building Type
Unit
Year Built
1990
Floor Size
31m2
Land Size
2783m2
Local Government
Melbourne
Lot/Plan
401/PS419697

Last Listing description (July 2026)

This furnished apartment is chic inner city living at its finest. The apartment comprises of two bedrooms with built in robes, a functional kitchen with living space and a bonus balcony. A separate bathroom completes the picture.

Living at 'Arrow on Swanston' enjoy the perks of a heated swimming pool, gymnasium, sauna and residents lounge.

Perfectly positioned on the fringe of the city, from this location you are within close proximity to Melbourne University, RMIT, Melbourne Central Train Station, famous eateries including Queen Victoria Market and cultured street food on Lygon Street. Enjoy living in a place where everything is at your doorstep including Melbourne Central and Bourke Street Mall anchored by international fashion brands. This location is also close to vibrant entertainment precincts.

*Please enter via the Northern entrance.

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Property History for 401/488 Swanston St, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Transferred
15 Feb 2016
Listed for Rent
$525/w
03 Jul 2026
  • 03 Jul 2026
    Listed for Rent $525 / week
  • 18 Jun 2025
    Listed for Rent $490 / week
  • 02 Apr 2024
    Listed for Rent $485 / week
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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. There are 9 parks, covering nearly 20.9% of the total area. The population of Carlton in 2016 was 18535 people. By 2021 the population was 16055 showing a population decline of 13.4% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation.In 2021, 23.30% of the homes in Carlton were owner-occupied compared with 18.60% in 2016.

Carlton has 16,058 properties. Over the last 5 years, Houses in Carlton have seen a -12.29% decrease in median value, while Units have seen a -13.64% decrease. As at 31 July 2026:

  • The median value for Houses in Carlton is $1,453,978 while the median value for Units is $341,114.
  • Houses have a median rent of $883 while Units have a median rent of $570.
There are currently 69 properties listed for sale, and 65 properties listed for rent in Carlton on OnTheHouse. According to Cotality's data, 647 properties were sold in the past 12 months in Carlton.

Suburb Insights for Carlton 3053

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Cotality Copyright and Legal Disclaimers about Property Data
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.