423 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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423 Elizabeth Street
Melbourne VIC 3000

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Property Details for 423 Elizabeth St, Melbourne

Building Type
Commercial
Local Government
Melbourne

Last Listing description (July 2022)

The Pinnacle of CBD Retailing

presented retail shop in the City's most highly sought after location.

The opportunity features:

- Rare Elizabeth Street opportunity within the Melbourne Central/Victoria Market catchment
- Surrounded by an array of well-recognised businesses as well as high rise apartment complexes.
- High profile, immaculate retail shop of 80sqm approx.
- Additional first floor area available upon request
- Enormous amount of foot traffic day and night

This is undoubtedly the pinnacle of CBD retailing. Secure your interest now and contact the exclusive agent Terence Yeh on 0452 475 627.

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Property History for 423 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 18 Aug 2020
    Listed for Rent - Price not available
  • 26 Feb 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 64,229 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 251 properties listed for sale, and 233 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2747 properties were sold in the past 12 months in Melbourne.

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© Copyright 2025. 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.

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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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