506/5 Sutherland Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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506/5 Sutherland Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 849m2
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Property Details for 506/5 Sutherland St, Melbourne

506/5 Sutherland St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 849m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in December 2010.

Building Type
Unit
Year Built
2013
Floor Size
52m2
Land Size
849m2
Local Government
Melbourne
Lot/Plan
506A/PS624531

Last Listing description (September 2024)

Nestled within 'Melbourne Sky,' this apartment promises city living at its finest. An open-plan living and dining area, equipped with split-system heating and cooling, graciously flows to a winter garden, bringing the outdoors in, no matter the season.

The sleek kitchen, adorned with Miele appliances and stone benchtops, offers both style and functionality, with ample storage space catering to all your needs. The second bedroom features a convenient built-in robe, while the master bedroom stands out with its walk-in robe.

Practicality meets style with a European laundry, and your security is ensured with an intercom system. But the true gems of 'Melbourne Sky' are the spectacular amenities - an 18-meter indoor heated pool, a fully equipped gymnasium, and rejuvenating spaces like the spa and sauna.

Perfectly positioned in the city centre, you'll find yourself within close proximity to Melbourne Central, Emporium Shopping Centre, Bourke Street Mall, and the charming laneways of Hardware Lane, all providing a world of shopping, dining, and entertainment options. Just a stone's throw away, you'll discover the bustling Queen Victoria Market, renowned universities, and convenient public transport.

Property size is an estimate only.

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Property History for 506/5 Sutherland St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$547,000
21 Dec 2010
Listed for Rent
$535/w
23 Mar 2018
  • 07 Sep 2024
    Listed for Rent $575 / week
  • 17 Jun 2024
    Listed for Sale $440,000-$450,000
  • 13 Mar 2018
    Listed for Rent $535 / week
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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 64,288 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 246 properties listed for sale, and 354 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2741 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. 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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