606/589 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

606/589 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 507m2
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Property Details for 606/589 Elizabeth St, Melbourne

606/589 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 507m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2014
Floor Size
57m2
Land Size
507m2
Local Government
Melbourne
Lot/Plan
606/PS646121

Last Listing description (October 2025)

FURNISHED - A low-rise offering of light-filled luxury, this elegant 1 bedroom apartment rises above the pack within footsteps of iconic Queen Victoria Market. Explore this very special neighbourhood and discover transport options including trams on your doorstep, the hospitals precinct, Melbourne University, RMIT and the open greenery of Flagstaff Gardens. Convenience is all yours for the taking!

A chef-friendly kitchen showcases smooth stone surfaces, soft-closing cabinetry, a Fisher and Paykel dish-drawer and high-performing Bosch appliances including a 4-burner gas cooktop. A streamlined layout boasts zones for spacious living and dining, before connecting with an east-facing undercover balcony capturing the warmth of morning sunlight with ease. Sit back and relax with picturesque views towards the city skyline while overlooking the tree-lined boulevard below. The generously sized bedroom is serviced by built-in robes and a gleaming bathroom with mirrored cabinetry, full-height tiles and marble detailing.


Elevated to perfection on the sixth floor of the designer E589 complex, additional features include split-system heating and cooling, a Euro-style laundry, an inviting hallway entrance, NBN readiness, video intercom entry and handy lift access

Disclaimer:

*Views shown are indicative only and may be from a higher or lower level. Furniture is for display purposes only and might not be included. Any dimensions shown are approximate. Any areas shown indicate total approximate titled area.

Property History for 606/589 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$285,000
20 Sep 2024
Listed for Rent
$540/w
23 Oct 2025
  • 13 Oct 2025
    Listed for Rent $540 / week
  • 20 Sep 2024
    Sold for $285,000
  • 21 Aug 2024
    Listed for Sale $285,000
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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.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
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.