601/398 Elizabeth StreetMelbourne VIC 3000
Property Details for 601/398 Elizabeth St, Melbourne
601/398 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2017. The property has a land size of 1032m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (September 2025)
Situated in the iconic "Empire" building, known for its architectural presence, unrivalled luxury and sophistication, this unique 70sqm dual-level apartment is a rare opportunity of first-class prestige.
A double-height ceiling, state-of-the-art finishes and timber floors create a spectacular impact throughout its over-sized proportions, with expansive open-plan living/dining incorporating a deluxe kitchen flaunting illustrious stone surfaces and high-end appliances.
The upper-level is dedicated to a palatial-sized bedroom, lavishly appointed with a stunning ensuite/WIR, while heating/AC, study, powder room and balcony add to the exclusivity of this heart-of-the-city retreat.
Residents will gravitate to the facilities including a pool, gym, yoga studio, executive lounge, dining room for large-scale entertaining and a Blue-chip location, seconds from RMIT and surrounded by the Queen Victoria Market, Melbourne University, the State Library, supermarkets and premium retail at Melbourne Central and QV.
Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Areal Property's in-room auctions, held at 33 Camberwell Rd, Hawthorn East, VIC, 3123, allow both in-person and online participation. We retain the right to withdraw properties without prior notice. Auctions start promptly at 6:30 PM, and registration with the property's sales agent is required for participation. All auctions adhere to Sale of Land (Public Auctions) Regulations 2024. For further details, please contact Areal Property.
Property History for 601/398 Elizabeth St, Melbourne, VIC 3000
- 15 Aug 2025Listed for Rent $600 / week
- 03 Apr 2025Listed for Rent $600 / week
- 19 Aug 2024Listed for Sale $390,000
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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 64,246 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.
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