5408/500 Elizabeth StreetMelbourne VIC 3000
Property Details for 5408/500 Elizabeth St, Melbourne
5408/500 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 1018m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (November 2025)
Delivering the perfect blend of modern design, lifestyle appeal, and consistent rental returns, this stunning one-bedroom apartment presents an outstanding opportunity for savvy investors seeking a high-performing asset in one of Melbourne's most desirable locations.Perched high on Level 54, the apartment enjoys expansive city skyline views through floor-to-ceiling windows, flooding the interior with natural light and enhancing its elevated sense of space. A well-designed open-plan layout seamlessly connects the living and dining area to a private balcony, while the functional kitchen features sleek tiled finishes, quality appliances, and ample storage.The generously sized bedroom includes an openable window for fresh air and ventilation, while reverse-cycle heating and cooling ensure year-round comfort. Secure intercom entry, six high-speed lifts, and a 24/7 concierge in the stylish foyer complete the picture of inner-city convenience.Residents enjoy access to an impressive array of resort-style amenities, including a 25-metre indoor heated pool, fully equipped gym, spa, sauna, steam room, and private cinema.Investors will appreciate the strong rental return of $530 per week and low outgoings of approximately $1,080 per quarter (Owners Corporation: $743 | Council Rates: $216 | Water: $185), delivering an attractive yield in Melbourne's consistently high-demand rental market.Situated in the vibrant heart of the CBD, this property is surrounded by boutique cafes, renowned restaurants, shopping precincts, and entertainment options. Queen Victoria Market, Melbourne Central, major universities, and free trams are all just moments away.Whether you're expanding your portfolio or securing a reliable income stream, this property offers a turn-key investment with excellent rental appeal, spectacular views, and enduring growth potential.All care has been taken in the preparation of this material to ensure the information provided is accurate and reliable. However, we accept no responsibility and disclaim all liability for any errors, inaccuracies, omissions or misstatements contained herein. Purchasers are advised to conduct their own investigations to verify the details contained in this document. Some images may include virtual enhancements and are for illustrative purposes only. Buyers should also refer to the due diligence checklist provided by Consumer Affairs Victoria, available at: http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 5408/500 Elizabeth St, Melbourne, VIC 3000
- 24 Oct 2025Sold for $305,000
- 02 Oct 2025Listed for Sale $320,000 - $340,000
- 29 Jul 2025Listed for Rent $530 / week
Recent sales nearby
See more recent sales nearby/assets/perm/mwzulk77imi6tfho7nqzhhn2q4?signature=093a5fa74cc2ad192f646ffbe2291f26236044a80c30773aba6f77c42116aa43){kind=logo}
0
/assets/perm/amlocvw3yui6ngcxyfdpwnhyra?signature=963fb83be7076471989edcff1f076ba91ad8654bdd88a99feebfce571a646034){kind=logo}
0/assets/perm/ee3a3cadx4i6znetvpud2cvkey?signature=4cccdc4835e8caf2ba257a6740686ffce334c0251b74e2e9f04e7ced242caf27){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
Suburb Insights for Melbourne 3000
Market Insights
Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. 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.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
