1605/318 Queen Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
FOR SALE

1605/318 Queen Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 68m2
Land area: 673m2
This property is currently on the market
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Property Details for 1605/318 Queen St, Melbourne

1605/318 Queen St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2021. The property has a land size of 673m2 and floor size of 68m2.This Property is currently listed for sale with VicHomes Real Estate Group

Building Type
Unit
Year Built
2021
Floor Size
68m2
Land Size
673m2
Local Government
Melbourne
Lot/Plan
1605/PS637192

Last Listing description (March 2026)

Perfectly positioned Right walk distance to Melbourne central and Queen Victoria Markets Only minutes away from RMIT and Melbourne University, with many restaurants and cafes at the doorstep. Apartment features include: - Security Entrance - Heating and Cooling - Both bedrooms have windows and good natural light - gas cook tops/electric oven and dishwasher - Spacious bathroom PARAGON Apartments also features include a residents' lounge, private theatre, library and bar and dining areas. Residents will also have access to a 15 metre lap pool, spa and gymnasium and a multi-level landscaped terrace. * Award-winning architecture and interiors by Fender Katsalidis Architects * Paul Bangay design, Australia's first indoor forest * International Property Awards winner in Best High-rise Residential Development category * Extremely exclusive with only two - six residences per level * Perfect 100 walkscore: walking distance to Flagstaff Station, Melbourne Central Station, Flagstaff Garden, Queen Victoria Market, RMIT university * Iconic Heritage-listed Celtic Club facade * Integrated Bosch/Gaggenau appliances * Premium residents' entertainer club including private dinning lounge, theatre lounge, library, statement pool, gymnasium, spa and steam room, and Australia's first indoor forest Don't miss out on the amenities you can enjoy. Contact the agent to arrange an inspection.

Property History for 1605/318 Queen St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$737,000
05 May 2017
Listed for Rent
$600/w
07 Sep 2022
  • 28 Jan 2026
    Listed for Sale $530,000-$550,000
  • 31 Aug 2022
    Listed for Rent $600 / week
  • 10 Jun 2021
    Listed for Rent $400 / 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 64,268 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 273 properties listed for sale, and 169 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.