511/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 511/471 Little Bourke St, Melbourne
Last Listing description (April 2007)
'No Fuss Pure InvestmentnThe renowned Pacific Suites offer you, the astute investor a very special opportu-nity of purchasing a luxury style, spacious 1 bedroom apartment in brilliant law precinct location.
Ten year guarantee lease with ten year option, current return $14,545.10 net, all outgoings are paid by the tenant, ensuring a genuine hassle free investment opportunity.
Property History for 511/471 Little Bourke St, Melbourne, VIC 3000
- 26 Sep 2016Transferred
- 19 Apr 2007Sold for $214,000
- 18 Feb 2007Listed for Sale $229,000
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0About 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 64,272 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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