506/589 Elizabeth StreetMelbourne VIC 3000
Property Details for 506/589 Elizabeth St, Melbourne
506/589 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 507m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (February 2021)
Efficiently designed & embraced by a tree-lined boulevard and vibrant cityscape, this spacious and ultra-stylish apartment offers a streamlined contemporary layout comprising white-on-white interior styling, plantation shutters and high ceilings.
The modern design features a bright open-plan living & dining area with floor to ceiling windows that expand unto an open balcony overlooking the Elizabeth Street Boulevard. A deluxe galley kitchen showcasing flawless timber-finish cabinetry & chic tiling, glass splashbacks, stainless steel appliances and stone bench tops. The spacious bedroom features large built in robes with ample storage space & access to an immaculately presented ensuite with floor to ceiling tiles & marble finish.
Other features include European laundry, reverse-cycle heating and air-conditioning unit, secure intercom entry, secure lift access & NBN network.
Property History for 506/589 Elizabeth St, Melbourne, VIC 3000
- 09 Feb 2021Sold for $310,000
- 01 Dec 2020Listed for Sale $320,000-$340,000
- 31 Aug 2020Listed for Rent $340 / 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 64,286 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.
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