1604/318 Queen Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1604/318 Queen Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 673m2
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Last updated 13 Apr 2026
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Property Details for 1604/318 Queen St, Melbourne

1604/318 Queen St, Melbourne is a 2 bedroom, 2 bathroom Unit. The property has a land size of 673m2.

Building Type
Unit
Land Size
673m2
Local Government
Melbourne
Lot/Plan
1604/PS637192

Last Listing description (February 2026)

A stunning addition to the inner-city scene within the premium Paragon building, this apartment delivers next-level low-maintenance luxury and a lifestyle to match enhanced by an array of shared amenities that surpass those of leading five-star hotels.

- Open-plan living/dining areas welcome northerly light
- Sleek Bosch kitchen features stone surfaces and dishwasher

- Both double bedrooms have mirrored built-in robes
- Exquisitely finished bathrooms, deluxe ensuite to master
- Air con, study nook, a/v intercom and a Euro laundry
- Communal indoor forest designed by renowned Paul Bangay
- Communal swimming pool, gym, spa and steam room
- Exclusive resident lounge, theatre, bar and library
- Great Investment opportunity as securely leased until December
- Moments to Queen Vic Market and Flagstaff Gardens
- Surrounded by wonderful cuisine and transport options

Property History for 1604/318 Queen St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$660/w
23 Nov 2023
  • 12 Jul 2024
    Listed for Sale $765,000
  • 23 Nov 2023
    Listed for Rent $660 / week
  • 06 Jul 2023
    Listed for Sale Not Disclosed
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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.
There are currently 274 properties listed for sale, and 165 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2687 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.