1606/5 Caravel Lane, Docklands, VIC 3008 | Property Value & History | OnTheHouse
 
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1606/5 Caravel Lane
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Last updated 2 Feb 2026
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Property Details for 1606/5 Caravel Lane, Docklands

1606/5 Caravel Lane, Docklands is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
2002
Local Government
Melbourne
Lot/Plan
E1606/PS438893

Last Listing description (September 2023)

Executive Docklands Apartment

You will feel right at home the moment you enter this well presented, two bedroom apartment. Enjoy the coming spring weather on your private balcony looking out to the harbour and Port Phillip Bay. The large living area with open plan modern kitchen is fully stocked and complete with stainless steel gas cooktop, oven and dishwasher. The master bedroom has built in robes with private ensuite and a study nook, while the second bedroom also offers built in robes. The central bathroom has a large bathtub with separate shower and there is a convenient European laundry setup.

Also includes a secure car space, this faultless apartment is your doorway to an unparalleled lifestyle in the heart of the Docklands, with NewQuay's finest restaurants, bars and cafes, along with Waterfront City, The District Docklands, Etihad Stadium and city transport. Residents will have access to the heated outdoor swimming pool, gymnasium and outside BBQ facilities.

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Property History for 1606/5 Caravel Lane, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$635,000
11 May 2018
  • 14 Sep 2023
    Listed for Rent $650 per week
  • 19 Apr 2021
    Listed for Rent $450 per week
  • 09 Apr 2020
    Listed for Rent $300 per week
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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Docklands in 2016 was 10964 people. By 2021 the population was 15495 showing a population growth of 41.3% in the area during that time. The predominant age group in Docklands is 30-39 years. Households in Docklands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Docklands work in a professional occupation.In 2021, 30.30% of the homes in Docklands were owner-occupied compared with 34.50% in 2016.

Docklands has 17,777 properties. Over the last 5 years, Houses in Docklands have seen a 61.78% increase in median value, while Units have seen a 2.42% increase. As at 31 December 2025:

  • The median value for Houses in Docklands is $2,226,009 while the median value for Units is $594,566.
  • Houses have a median rent of $680 while Units have a median rent of $700.
There are currently 67 properties listed for sale, and 42 properties listed for rent in Docklands on OnTheHouse. According to Cotality's data, 743 properties were sold in the past 12 months in Docklands.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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