104/589 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

104/589 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
Land area: 507m2
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Last updated 19 Jan 2026
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Property Details for 104/589 Elizabeth St, Melbourne

104/589 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 507m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in June 2011.

Building Type
Unit
Year Built
2014
Floor Size
66m2
Land Size
507m2
Local Government
Melbourne
Lot/Plan
104/PS646121

Last Listing description (January 2022)

This cozy property is in the centre heart of Melbourne CBD. Close to the famous Universities, Victoria Market, Melbourne Central shopping mall, Emporium, QV, Local and Asian supermarkets, restaurants, shops and cinema. Melbourne central station train and free tram zone are all in walking distance.
It is composed by:
- Living room with balcony access

- Open planed kitchen with oven, and gas cooking
- Two bedrooms both have BIRs and windows
- Central bathroom with toilet, shower and vanity unit
- Reverse cycled air conditioning in living provides an effective cooling in the summer
*Please note, the use of the building facilities is subject to the completion and building rules.

Terms: 12 months or by negotiation.
Open for Inspection: See Open for Inspections Section or click contact agent to arrange a private inspection. Please bring your photo ID, wear a face mask and keep social distance with the agent on site. You will need to scan a Service Victoria QR code to check in on site and be double vaccinated.

Fletchers COVID-19 Update
Fletchers remains committed to conducting our services in a COVID-safe and responsible manner. We ask all visitors to please refrain from touching any surfaces, opening cupboards, drawers, windows and doors, when inspecting a property.
If you have symptoms, been in contact with anyone with symptoms or have recently returned from overseas, please do not arrange an inspection.
Thank you for your co-operation.
For more information, please visit: fletchers.net.au/response-to-covid-19
Photo ID is required at all inspections.

Please note: Property availability and open for inspection times are subject to change or cancellation without notice.
Photos are for advertisement purpose only.

Property History for 104/589 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$390,000
16 Jun 2011
Listed for Rent
$300/w
04 Jan 2022
  • 28 Sep 2021
    Listed for Rent $300 / week
  • 17 Aug 2020
    Listed for Rent $350 / week
  • 12 Jul 2019
    Listed for Rent - Price not available
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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 64,282 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 248 properties listed for sale, and 361 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2752 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.