703/60 Market StreetMelbourne VIC 3000
Property Details for 703/60 Market St, Melbourne
703/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 1074m2 and floor size of 33m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (May 2018)
Welcome to 703/60 Market St - 'Oaks on Market'. This bright and expansive North facing apartment with stunning city views Situated in the heart of the city in the 5 star 'Oaks on Market' offers high returns and minimal effort. A wonderful addition to your existing portfolio or for those with a self-managed super fund, this property is a smart choice. You will love the high yield the property provides, allowing you to enjoy to benefits of your investment from the outset.
Features include:
* Only minutes' walk to the Yarra River, Bourke Street shopping centres & Melbourne's most popular restaurants & theatres
* An elegant building lobby, beautiful open plan restaurant and bar, fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms
* Fantastic return of $17,160 per annum ($1,429,60 per calendar month)
* Rental Increases: CPI increases every year
* Hassle free investment
* Part of a 5 Star Oaks hotel
* 2 X 5 year options
Tenant (OAKS ON MARKET) Pays:
* Owners Corporation fees
* Council and water rates
* Insurance
* General maintenance
* Water usage
* Electricity usage
* Get in quick! The last one of this style sold before hitting the market
**A Great Opportunity for Investment **
Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 703/60 Market St, Melbourne, VIC 3000
- 07 Mar 2018Sold for $265,500
- 22 Aug 2017Listed for Sale Contact Agent
- 01 Aug 2017Listed for Sale $338,888
Recent sales nearby
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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 64,272 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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