304/591-593 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

304/591-593 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 300m2
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Last updated 26 Jan 2026
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Property Details for 304/591-593 Elizabeth St, Melbourne

304/591-593 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 300m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
2008
Floor Size
57m2
Land Size
300m2
Local Government
Melbourne
Lot/Plan
304/PS544422

Last Listing description (February 2026)

Located in the heart of Melbourne's vibrant CBD, this stylish studio apartment at 304/591 Elizabeth Street offers unbeatable convenience and modern city living. Designed for comfort and functionality, the open-plan layout features a well-appointed kitchenette, sleek bathroom, and generous natural light-perfect for students or professionals seeking a low-maintenance lifestyle.
Step outside and enjoy immediate access to public transport, universities, Queen Victoria Market, cafs, and shopping precincts. With everything you need right at your doorstep, this studio delivers exceptional value and an enviable inner-city address.

Please submit an online enquiry to be notified about inspections and/or how to apply.

Please note:
- 12 month lease preferred
- communal laundry on ground floor
- only gas for the cooktop is included
- lift is out of action for 2 months
- applications via 2apply only.

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Property History for 304/591-593 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$137,000
22 Feb 2023
Listed for Rent
$340/w
04 Jan 2022
  • 05 Jan 2026
    Listed for Rent $370 / week
  • 02 Dec 2025
    Listed for Sale $185,000
  • 10 Feb 2025
    Listed for Rent $370 / 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 64,285 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 252 properties listed for sale, and 351 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2785 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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