1/407-409 Swanston Street, Melbourne, VIC 3000 sold on 16 May 2026 | OnTheHouse
SOLD
Sold on 16 May 2026 for $1,315,000

1/407-409 Swanston Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 223m2
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Property Details for 1/407-409 Swanston St, Melbourne

Building Type
Commercial
Land Size
223m2
Local Government
Melbourne
Lot/Plan
1/SP34971

Last Listing description (January 2023)

An ideally located office space available for the first time in 20 years, don't miss the opportunity to place your business in the heart of the CBD! Easily accessible via train and tram, directly opposite the RMIT campus, and located inside this stunning 20's built building. Enjoy views of the bustling city from this light-filled space.

* 165 sqm of floor space

* First floor office suite in the heart of the CBD
* Inviting reception area upon entrance
* Amenities include Male and Female bathrooms & kitchenette
* Secure lift that goes directly into the tenancy
* 6 private consulting rooms
* Abundance of natural light throughout
* Other tenancies in the building include Joomak (Korean Restaurant), Natsuki Futamura Remedial Massage, Dr. Lena Stocks-Ramsay Osteopath, Melbourne City Podiatry
* Available immediately

Property History for 1/407-409 Swanston St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,315,000
16 May 2026
Listed for Rent
$46k/w
23 Jan 2023
  • 16 May 2026
    Sold for $1,315,000
  • 14 Jul 2022
    Listed for Rent $45,760 / week
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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 64,373 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:

  • The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
  • Houses have a median rent of $718 while Units have a median rent of $680.
There are currently 304 properties listed for sale, and 188 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2602 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.