2405/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

2405/318 Russell Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 937m2
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Last updated 18 May 2026
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Property Details for 2405/318 Russell St, Melbourne

2405/318 Russell St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 937m2. While the property is not currently for sale or for rent, it was last sold in September 2014.

Building Type
Unit
Year Built
2014
Land Size
937m2
Local Government
Melbourne
Lot/Plan
2405/PS720256

Last Listing description (February 2026)

Located in the vibrant heart of Melbourne's CBD, this wellpresented one bedroom apartment offers unbeatable convenience and an exceptional urban lifestyle. Positioned directly opposite the iconic State Library and QV, you'll be surrounded by some of the city's best shopping, dining, and cultural attractions.

Enjoy effortless access to education and entertainment, with RMIT University, the University of Melbourne, Chinatown, and the picturesque Carlton Gardens all just a short stroll away. Commuting is simple thanks to nearby public transport options, including Melbourne Central Station and multiple tram lines along Swanston Street.

The apartment is furnished and features:

- Secure entry with intercom access
- 24-hour concierge service
- Bright open plan living/dining area
- Modern kitchen with Miele appliances and stone benchtops
- LED downlights
- Bedroom with built-in robe
- Central tiled bathroom
- Private balcony
- Reverse cycle heating and cooling

Residents will have access to amenities, including:

- Indoor heated pool
- Equipped gym
- Spa and sauna
- Steam room
- BBQ terrace
- Resident lounge

** Photos are for advertising purposes only **

* TO AVOID DISAPPOINTMENT, PLEASE REGISTER TO INSPECT THIS PROPERTY *

By registering your details, you will be informed of any updates, changes or cancellations of your appointment. Please ensure you also have photo ID with you for the inspection. Register and apply early to secure this property.

Please ensure that you arrive at the commencement time of the Open For Inspection otherwise we cannot guarantee entry.

To apply for this property, please visit:
https://snug.com/apply/melcorprealestate

Property History for 2405/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$401,750
22 Sep 2014
Listed for Rent
$570/w
23 Dec 2022
  • 04 Feb 2026
    Listed for Rent $660 / week
  • 01 Feb 2024
    Listed for Rent $610 / week
  • 04 Jan 2024
    Listed for Rent $600 / 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 64,327 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 305 properties listed for sale, and 180 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2666 properties were sold in the past 12 months in Melbourne.

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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.