512/60 Market StreetMelbourne VIC 3000
Property Details for 512/60 Market St, Melbourne
512/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 1074m2. While the property is not currently for sale or for rent, it was last sold in July 2022.
Last Listing description (July 2022)
Affordable investment with secure rental income of $12,201 PA, this apartment represents long term yield stability. An excellent opportunity to add to your portfolio in the renewed CBD precinct.
Securely leased to the renowned 4.5 stars hotel operator, The Oaks, this well-maintained apartment is currently on the first year of a 5-year lease with further option of an additional 5 years.
The Renter pays for outgoings.
Well located in the Collins Street Central Business Precinct, the apartment features spacious open plan living, quality fitting and fixtures, modern bathroom, heating, and cooling. Full resort amenities include, fully equipped gymnasium, heated indoor pool, spa and sauna, as well as in-house bar, restaurant, and caf. Public transport is at the door, providing exceptional access to all areas of the city and beyond.
If you are a savvy investor looking for consistent return well above the long-term cash rate, this strategically located apartment will prove a valuable asset.
Please contact agent for further information or to arrange an inspection.
Property History for 512/60 Market St, Melbourne, VIC 3000
- 23 Jul 2022Sold for $183,000
- 28 Jun 2022Listed for Sale $180,000 - $198,000
- 05 May 2010Sold for $190,500
Recent sales nearby
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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 64,268 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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