105/589 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

105/589 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 63m2
Land area: 507m2
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Property Details for 105/589 Elizabeth St, Melbourne

105/589 Elizabeth St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 507m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
2014
Floor Size
63m2
Land Size
507m2
Local Government
Melbourne
Lot/Plan
105/PS646121

Last Listing description (June 2020)

Embraced by a tree-lined boulevard and energetic cityscape, this spacious two-bedroom apartment has been designed for pure relaxation.

The white-on-white interior styling, with plenty of natural light and high ceilings, is matched by a double-width balcony for your alfresco pleasure.


An astute first home or investment, features include:

Kitchen with mirrored splashbacks and stone surfaces
Premium appliances including a dishwasher
Sleek ensuite and central bathroom
Open-plan living/dining
Exceptional storage space
European laundry
Split system, reverse-cycle heating and air-conditioning

Walk through the secure foyer and straight out to the tram for swift access into the heart of the CBD. Enjoy the leisurely stroll to RMIT, Melbourne University, the hospital precinct and Queen Victoria Market, with the Flagstaff Gardens and train close by.

Property History for 105/589 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$525,000
05 Jun 2020
Listed for Rent
$480/w
21 Oct 2014
  • 05 Jun 2020
    Sold for $525,000
  • 08 May 2020
    Listed for Sale UNDER OFFER
  • 23 Aug 2014
    Listed for Rent $480 / 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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.