507/172 William Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

507/172 William Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 716m2
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Last updated 2 Mar 2026
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Property Details for 507/172 William St, Melbourne

507/172 William St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 716m2 and floor size of 71m2.

Building Type
Unit
Year Built
1967
Floor Size
71m2
Land Size
716m2
Local Government
Melbourne

Last Listing description (June 2017)

Superb fifth-floor position with spacious open plan living, meticulously maintained and secured on a long-term lease, this is a perfect hassle free investment acquisition.
Featuring a well-appointed kitchen with ample storage, large living area taking advantage of abundant natural light overlooking peaceful Plaza. Main bedroom features large built-in robes with beautiful views. Quality fixtures and fittings throughout including double glazing and a combined ducted heating & cooling system.
INCOME DETAILS (all approx.):

- $23,509.56 Rent per annum ($452.00 per week)
- 6.4% Current gross yield
- 3% Annual rental increase
LEASE DETAILS
- 08/01/ 18 Lease Expiry
- 4 x 5 years Further terms
OUTGOINGS
Quest pays:
- Owners corporation
- Council rates
- Water rates
- Day to Day maintenance
Owner pays:
- Sinking fund of approximately $1000.00 per annum
Please note that this property is for investors only and cannot be owner occupied.
Should you wish to arrange a private viewing please contact, Michael Torcasio 0434 351 468 for immediate arrangement.
Property Code: 1446

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Property History for 507/172 William St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 21 Dec 2016
    Listed for Sale $365,000
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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 64,324 properties. Over the last 5 years, Houses in Melbourne have seen a 51.77% increase in median value, while Units have seen a -4.12% decrease. As at 31 January 2026:

  • The median value for Houses in Melbourne is $2,008,911 while the median value for Units is $433,734.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 255 properties listed for sale, and 185 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2782 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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