389 Bourke Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

389 Bourke Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 344m2
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Property Details for 389 Bourke St, Melbourne

Building Type
Commercial
Land Size
344m2
Local Government
Melbourne

Last Listing description (November 2020)

A ground floor 170sqm shop being offered for lease, within throwing distance from Bourke Street Mall

Strong sightlines onto the busy intersection of Elizabeth Street and Bourke Street Mall, which houses H&M, Myer, David Jones and other major retailers


Accommodated by easy access to public transport with prominent pedestrian thoroughfare set between the retail core, financial & legal precincts, which is underpinned by office workers, students, local residents and tourists

Surrounded by major office and residential developments set to transform the precinct including the recently announced NAB Headquarters building next door at 405 Bourke Street and landmark BCUS development at 150 Queen Street

Dont hesitate to take up this rare opportunity and inspect the property!

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Property History for 389 Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$958/w
24 Nov 2020
  • 18 Nov 2020
    Listed for Rent - Price not available
  • 15 Jul 2019
    Listed for Rent - Price not available
  • 26 Oct 2018
    Listed for Rent - Price not available
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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 64,249 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 250 properties listed for sale, and 255 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2737 properties were sold in the past 12 months in Melbourne.

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