1609/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1609/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 46m2
Land area: 937m2
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Property Details for 1609/318 Russell St, Melbourne

1609/318 Russell St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 937m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2014
Floor Size
46m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
1608A/PS720256

Last Listing description (October 2024)

Showcasing remarkable city views to the west which is an impressive sight to behold especially at night, this fantastic one bedroom apartment in the acclaimed Abode residential complex is a prime time CBD offering only for serious buyers.

This generous apartment has both owner-occupiers and investors in mind. Highlights include open and relaxed lounge and dining, exquisite stone kitchen and stainless steel Miele appliances, bedroom with CBD views and build in robe.


Other property extras on offer are a separate laundry room, ducted heat/cool, double glazed windows, LED downlights, Foxtel and NBN ready, and secure intercom. You also have access to a 24-hr concierge, fully-equipped gym, indoor heated swimming pool, sauna, steam room, BBQ terrace, meeting room, private dining room, and lounge area.

Love this brilliant location close to acclaimed RMIT University, QV Melbourne shops and restaurants, Melbourne Central with train station, iconic Lygon Street restaurants, State Library of Victoria, Carlton Gardens, Melbourne's famed theatre district, free trams, and Parliament Station.

Property History for 1609/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$438,000
03 Sep 2024
Listed for Rent
$400/w
12 Jan 2021
  • 03 Sep 2024
    Sold for $438,000
  • 08 Jul 2024
    Listed for Sale $430,000
  • 07 Jan 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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 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.