54-60 Market Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

54-60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1074m2
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Property Details for 54-60 Market St, Melbourne

54-60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit. The property has a land size of 1074m2.

Building Type
Unit
Land Size
1074m2
Local Government
Melbourne
Lot/Plan
1R/PS336605

Last Listing description (August 2019)

TOO GOOD TO BE TRUE :
NO BODY CORP
NO COUNCIL RATES

NO WATER RATES
NO PROPERTY MANAGMENT FEES
NO LANDLORD INSURANCE

This extra-large studio apartment obtaining potentially a 7.2% return this luxury apartment located in the premium corner position of the Oaks on Market Street is too good to be true. The vendor only pays a sinking fund.
The apartment itself open plan living /dining area ,separate fully equipped granite kitchenette which has sufficient natural light from the windows that sweep across the entire corner of the building.Coming fully furnished with sofas, dining table & matching chairs, coffee table and flat screen TV, well-appointed large bathroom, central heating and cooling, secure building entry, and access to amenities which include a concierge, gym, heated lap pool, sauna, spa, and function room.
There is also a brand new cafe/restaurant on the ground floor, which has just been upgraded.
And add to all this is that you will have the best Melbourne has to offer all at your doorstep, Flinders and Southern Cross Stations around the corner & a just a short walk and you will land in all the best of Melbourne's sporting, Crown Complex and Melbournes iconic lane-ways, buzzing bars, fashionable boutiques, top-rated caf s and world-class restaurants, this is location at its ultimate best

Property History for 54-60 Market St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$330/w
01 Mar 2022
  • 05 Aug 2019
    Listed for Sale Not Disclosed
  • 21 Dec 2018
    Listed for Rent - Price not available
  • 25 Sep 2018
    Listed for Sale 7% return on a long term lease
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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 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 304 properties listed for sale, and 182 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 properties were sold in the past 12 months in Melbourne.

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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.