1502/60 Market StreetMelbourne VIC 3000
Property Details for 1502/60 Market St, Melbourne
1502/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1074m2 and floor size of 34m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (April 2016)
Another great result for Nick Richards and Dingle Partners. We are the market leaders when it comes to selling your serviced apartment. We know the Oaks apartment inside out , so there is no one better to handle the sale of your serviced ap[apartment. Call Nick on 0404099310.
Surrounded by a plethora of pulsating city attractions, and positioned in a quiet Market Street pocket, this fully-serviced studio apartment on the 15th floor of the 4.5-star Oaks on Market hotel complex represents a brilliant investment opportunity with an outstanding $19800 Net return per year. Combined this with a 5% CPI increase this year and you are looking at $20790. This investment opportunity is optimized by 100% occupancy so there's no late rents, no owners corp fees, no rates and the hotel is responsible for any damage. Basically this is a set and forget investment property with a guaranteed income stream for years to come.
Offering high-yield rental returns for eager investors and perfect for self managed super funds, this comfortable apartment is fully-furnished and filled with gorgeous natural light, while also boasting superb views of Southbank Promenade and the Yarra River.
Nearby trams enable guests to access all the fantastic local cafes, shops, restaurants, and bars that the CBD has to offer, while other attractions within close proximity include Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, Southern Cross Station, and Flinders Street Station.
Property History for 1502/60 Market St, Melbourne, VIC 3000
- 26 Jul 2021Sold for $270,000
- 20 Apr 2015Sold for $277,000
- 18 Mar 2015Listed for Sale $285,000
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 64,270 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:
- 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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