1002/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1002/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 75m2
Land area: 937m2
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Property Details for 1002/318 Russell St, Melbourne

1002/318 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2014. The property has a land size of 937m2 and floor size of 75m2.

Building Type
Unit
Year Built
2014
Floor Size
75m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
1002/PS720256

Last Listing description (April 2021)

Abode318 is located in the heart of Melbourne CBD, opposite to the State Library and QV, within walking distance to RMIT University, University of Melbourne, Chinatown, Carlton Garden, and city's major transport hubs including Melbourne Central Station and Swanston Street Trams. It is the perfect place for students or working professionals alike.

This 2 bedroom 2 bathroom open plan apartment, Located on the 10th floor, it comes with extra spacious balcony for entertainment, like none other. It also features high quality furnishing.

With Floor to ceiling windows to enjoy the view of Melbourne skyline, it comprises:

- Well equipped kitchen with Miele appliances including dishwasher
- Double glazed reflective windows
- Reverse cycle heating and cooling
- LED down lights
- 24 hour concierge and Building Security
- Foxtel & NBN ready

INCLUDES FREE USE of onsite facilities:
- Fully Equipped Gymnasium
- Indoor Heated Swimming Pool
- BBQ Terrace
- Meeting Room
- Private Dining Room & Lounge Area

**Photos for advertisement purpose only.**

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Property History for 1002/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$530/w
13 Apr 2021
  • 24 Mar 2021
    Listed for Rent $530 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of 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 64,238 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 252 properties listed for sale, and 186 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2779 properties were sold in the past 12 months in Melbourne.

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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.