506/29 Market St, Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Experience the elegance of Melbourne’s history in this beautifully proportioned one-bedroom apartment, superbly located on level five of the iconic Port Authority Building — a grand Heritage Beaux Arts Greek Revival masterpiece built in 1929. The building’s opulent character is showcased in its magnificent marble foyer and richly detailed timber finishes throughout the common areas.
Blending timeless charm with modern comfort, the apartment features a westerly aspect with double glazing and views towards the Yarra River and Southbank. The polished timber entrance leads into a spacious open-plan living and dining area, complemented by a contemporary kitchen with stainless steel appliances, electric cooktop, under-bench oven, dishwasher, and excellent storage. The large bedroom includes built-in robes and is serviced by a stylish central bathroom.
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 64,216 properties. Over the last 5 years, Houses in Melbourne have seen a -21.74% decrease in median value, while Units have seen a -3.46% decrease. As at 31 October 2025:
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