Take a premium business address on Melbourne's iconic Collins Street. Whether you are looking to occupy or invest in your first commercial property, suite 402 is an excellent entry level investment opportunity with a secure tenant in place, returning $8,200 per annum.
This impressive facility provides access to a range of first-class amenities, including a lap pool, sauna and gym with shower facilities, boardrooms and meeting rooms for hire, caf/dining options, hotel and live-in accommodation.
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 64,238 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
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