3204/318 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

3204/318 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 937m2
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Property Details for 3204/318 Russell St, Melbourne

3204/318 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 937m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2015
Floor Size
60m2
Land Size
937m2
Local Government
Melbourne
Lot/Plan
3204/PS720256

Last Listing description (July 2025)

Experience inner-city living at its finest in this stylishly furnished one-bedroom apartment, perfectly positioned on the 32nd floor of the sought-after 318 Russell Street complex.

Step into a light-filled open-plan living and dining area framed by floor-to-ceiling windows, offering panoramic views of Melbournes iconic cityscape. The well-appointed kitchen features quality appliances, sleek cabinetry, and stone benchtops ideal for cooking or entertaining.

The spacious bedroom includes built-in robes and plush carpeting, complemented by a contemporary bathroom with premium fittings. This furnished residence comes complete with everything you need to move in and enjoy from quality furniture to essential appliances.

Additional features include:
- Reverse cycle heating and cooling
- Secure building with intercom and 24 hour concierge services
- Access to resort-style amenities including indoor pool at level 9.

Situated in the heart of the CBD, you're just steps from RMIT, Melbourne Central, public transport, cafes, restaurants, and more. This apartment is perfect for professionals, students, or anyone seeking a vibrant urban lifestyle.

Don't miss this opportunity to live in one of Melbournes premier locations. Enquire now to arrange a private inspection.

- IMPORTANT* Whilst every care is taken in the preparation of the information contained in this marketing, Cedar Elm Property, will not be held liable for any error in typing or information. All information is considered correct at the time of advertising. Prior to applying for the property, please ensure any specific requirements have been discussed with your preferred service providers.

Property History for 3204/318 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$535,000
12 May 2023
Listed for Rent
$750/w
30 Jun 2023
  • 24 Jun 2025
    Listed for Rent $820 / week
  • 30 Jun 2023
    Listed for Rent $750 / week
  • 12 May 2023
    Sold for $535,000
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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 64,289 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 240 properties listed for sale, and 362 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2739 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.