5301/138 Spencer Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

5301/138 Spencer Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 1830m2
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Last updated 16 Mar 2026
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Property Details for 5301/138 Spencer St, Melbourne

5301/138 Spencer St, Melbourne is a 2 bedroom, 2 bathroom Unit. The property has a land size of 1830m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Land Size
1830m2
Local Government
Melbourne
Lot/Plan
5301/PS739447

Last Listing description (June 2025)

This apartment features floor-to-ceiling windows that delivers sensational bay views and natural light into every room of the apartment along with floorboards. Offering and open plan living and dining area with air-conditioning and heating, modern kitchen with marble kitchen stone bench, quality appliances and plenty of storage The sparkling central bathroom with floor to ceiling tiles offers rain shower head and European style laundry. Both two bedrooms are generously sized with mirrored built-in wardrobe.

Premier Tower is situated at the corner of Bourke Street and Spencer Street, granting close proximity to cafes, restaurants and DFO shopping, with Southern Cross station and free city tram zone right at your doorstep. This arising city landmark offers breathtaking views and an elegant lifestyle.

As a resident of Premier Tower, theres are an abundance of entertainment for you to discover. The world class amenities include cinema, well-equipped gym, pool, sauna & steam room, library, Karaoke room and private dining area.

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Property History for 5301/138 Spencer St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$866,170
22 Jun 2023
Listed for Rent
$1.05k/w
19 Jun 2025
  • 13 Jun 2025
    Listed for Rent $1,050 / week
  • 22 Jun 2023
    Sold for $866,170
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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 64,242 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 248 properties listed for sale, and 178 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2774 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.