605/60 Market StreetMelbourne VIC 3000
Property Details for 605/60 Market St, Melbourne
605/60 Market St, Melbourne is a 2 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (June 2026)
Investor-Only Opportunity – Not for Owner Occupation
Positioned within the well-established Oaks Melbourne on Market, this spacious two-bedroom apartment (approx. 62sqm) presents a rare opportunity to secure a high-performing, low-maintenance investment in the heart of the CBD.
Located on the 6th floor, the apartment features a bright open-plan living and dining area complemented by high ceilings, a modern kitchen with granite benchtops and quality appliances, and ducted reverse-cycle air conditioning throughout.
Residents enjoy access to premium hotel-style amenities including an indoor heated swimming pool, fully equipped gym, and on-site dining—enhancing tenant demand and long-term occupancy.
Investment Overview:
Approx. Annual Income: Approx. $22,500 -
Outgoing paid by the owner -
Approx. $2000 PA
Lease Term: Securely leased to Oaks Group until August 2031 (with further options)
Outgoings Covered by Tenant: Owners Corporation admin fund, council rates, water rates, insurance
Key Advantages:
Strong and consistent rental return
Long-term lease to an established operator
Minimal ongoing management required
Rare two-bedroom configuration within a hotel investment
Ideal for SMSF or income-focused investors
Property History for 605/60 Market St, Melbourne, VIC 3000
- 01 Jun 2026Sold for $280,000
- 12 May 2026Listed for Sale $289,888
- 25 Jun 2009Sold for $325,080
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,378 properties. Over the last 5 years, Houses in Melbourne have seen a 1.23% increase in median value, while Units have seen a -5.07% decrease. As at 31 May 2026:
- The median value for Houses in Melbourne is $1,426,624 while the median value for Units is $434,769.
- Houses have a median rent of $718 while Units have a median rent of $680.
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