1302/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 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 November 2015.
Positioned in a peaceful pocket with all the allures of surrounding CBD bars, restaurants, cafes, and shopping, this brilliant studio apartment on the 13th floor of the 4.5 star 'Oaks on Market' is a fantastic investment prospect that is incredibly low-maintenance.
Perfect for first time investors looking for a low risk entry into the market, or for seasoned veterans with a self-managed super fund who just want a 'set and forget' property to add to their portfolio, this enticing apartment offers an appealing net rental return of $19948.32 per year with an attractive yield of 7.4% net. This property also has a secure lease until 2036.
The apartment itself is bathed in natural light and enjoys amazing views out to Southbank and the Yarra River. It comes fully-furnished and complete with a comfortable living and sleeping zone with Hisense flat screen TV and built-in robes, granite kitchen with tiled splashback and Fisher and Paykel induction cooktop and refrigerator, stylish bathroom with combined shower and bath, ducted heating and cooling, and access to building amenities which include a lobby with concierge, restaurant/bar, gymnasium, heated lap pool, sauna, spa, and three function rooms.
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 64,270 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:
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