1109/60 Market StreetMelbourne VIC 3000
Property Details for 1109/60 Market St, Melbourne
1109/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 1074m2. While the property is not currently for sale or for rent, it was last sold in October 2013.
Last Listing description (October 2013)
Massive 7.5% return
GENUINE CASH FLOW POSITIVE PROPERTY! Suitable only as an investment this fully fitted two bedroom corner apartment with fantastic view is a 'must' inclusion for the property investment portfolio. With an annual return of $30,820.00 approx. and long secure lease this serviced apartment offers a steady income stream & secure future.
An opportunity to buy a property which actually pays for itself! Refurbished recently, so depreciation advantages remain a factor. Apartment features light filled living and lounge area with large windows, two spacious bedrooms with built in robes, formal entrance and study area, modern bathroom and kitchen, ducted heating and cooling.
Outgoings: approx. $415.0 pq. Tenant pays for Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance
Building offers pool, gym, concierge foyer and conference facilities complete exceptional surroundings in the very heart of the CBD.
Property History for 1109/60 Market St, Melbourne, VIC 3000
- 09 Oct 2013Sold for $395,000
- 05 Sep 2013Listed for Sale $410,000
- 24 Mar 2009Sold for $380,340
Recent sales nearby
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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 64,271 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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