506/543 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

506/543 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Last updated 19 Jan 2026
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Property Details for 506/543 Elizabeth St, Melbourne

506/543 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom House.

Building Type
House
Local Government
Melbourne

Last Listing description (November 2025)

**UNFURNISHED**

Positioned in one of Melbourne's most vibrant and central locations, this stylish two-bedroom, one-bathroom apartment on Elizabeth Street offers the ultimate in city convenience and contemporary comfort.

Step inside to discover a thoughtfully designed layout featuring an open-plan living and dining area, complemented by a sleek modern kitchen with quality appliances and ample storage. Both bedrooms are well-proportioned with built-in robes, while the central bathroom is spacious and well-appointed.

Enjoy sweeping views of the city skyline from your private balcony, and take advantage of building amenities such as secure entry, lift access, and residents' facilities.

With Queen Victoria Market, Melbourne Central, universities, public transport, cafes, and restaurants all just steps from your door, this apartment delivers the perfect blend of lifestyle and location.

Property History for 506/543 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$650/w
11 Sep 2023
  • 29 Oct 2025
    Listed for Rent $700 / 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 64,290 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 244 properties listed for sale, and 364 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2740 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.