40/500 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

40/500 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Last updated 12 Jan 2026
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Property Details for 40/500 Elizabeth St, Melbourne

40/500 Elizabeth St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Melbourne

Last Listing description (April 2025)

***This property will be available for private one-on-one inspections during the times advertised. It is a requirement for buyers to book an appointment before attending any inspection - please contact the agent to arrange this***

Alternatively Virtual inspection also available, details below!
Virtual inspection details Zoom:

https://zoom.us/j/3052949069?pwd=WE9CVmY1MHFsLzFmUHRRS3d4Q3IwUT09

Meeting ID: 305 294 9069
Passcode: 8aMLc1

Do not miss out on this truly unique residence that is rarely on the market within the sought after "VISION" Tower. Positioned high up on level 40, with awe-inspiring bay and city views, this apartment provides unparalleled luxury with rich materials throughout. This exceptional home offers space in a supreme setting ideal for both first home buyers or savvy investors.

Drenched with natural light from the double glazed floor-to-ceiling windows, while having a backdrop of the bay, the Bolte Bridge, Victoria Market and the Flagstaff Gardens, this apartment has all the requirements a perfect city pad needs.

The apartment itself sets a new benchmarks in luxury, designer style and cutting edge technology with luxurious stone surfaces and quality carpet running throughout. The living and dining areas are very cleverly separated, while both bedrooms have natural light.

Other features include the stylish bathroom with European laundry, reverse-cycle heating and cooling, intercom entry, secure car space, as well as access to a resort type recreational facilities including gym, heated indoor pool, sauna, function room, cinema and an outdoor BBQ terrace.

Perfectly located near the best that Melbourne has to offer. Melbourne Central Shopping, Queen Victoria Market, Melbourne Uni, RMIT, Flagstaff Gardens, great local cafes, restaurants, local and international supermarkets, trams, trains and buses all at your doorstep. A super convenient and highly sought after CBD hot spot!

Virtual tours/inspections available on request. Please call Mark Reuben on 0411 899 714 or email your request to mark.reuben@smileelite.com

Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. Interested parties should place no reliance on it and should make their own independent inquiries.

Property History for 40/500 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 15 Aug 2023
    Listed for Sale $520,000 - $550,000
  • 10 Mar 2022
    Listed for Sale $520,000 - $550,000
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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 64,287 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 247 properties listed for sale, and 361 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2735 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.