6 Russell Place, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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6 Russell Place
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 401m2
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Property Details for 6 Russell Pl, Melbourne

Building Type
Commercial
Year Built
1920
Land Size
401m2
Local Government
Melbourne
Lot/Plan
A/PS402039

Last Listing description (October 2016)

Designed by Nonda Katsalidis, one of the most recognised architects in Australia, his reputation in the Melbourne Apartment Market has been established by projects like Melbourne Terrace Apartments, Republic Tower, St Leonard s Development, HM@S, Eureka Tower and The Hero apartments. His designed buildings are known for their low vacancy rate and good capital gains over time. The selection of prime locations combined with an architecture of the highest design quality deliver buildings that create a long term value for both the investor and the new home occupier. Little Hero is located in the city central area, close ot RMIT and Melbourne University, highly accessible shopping, restaurants and china town. No doubt is the solid investment for the Hot Melbourne rental market.
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Property History for 6 Russell Pl, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$4,850,000
24 Sep 2008
  • 28 Apr 2016
    Listed for Sale $364,000+
  • 24 Apr 2009
    Listed for Sale FROM $369,500
  • 24 Sep 2008
    Sold for $4,850,000
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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 64,229 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.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 properties were sold in the past 12 months in Melbourne.

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