706/339 Swanston StreetMelbourne VIC 3000
Property Details for 706/339 Swanston St, Melbourne
706/339 Swanston St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. While the property is not currently for sale or for rent, it was last sold in January 2020.
Last Listing description (November 2025)
Swanston Street Convenience Promising an Excellent Return on Investment
Move in or potential 9% + rental return, the choice is yours!
Located in the heart of Melbourne CBD, enjoy a lifestyle of ultimate convenience where everything you need is at your doorstep. With Melbourne Central Shopping Mall and Train Station directly below, Swanston Street Trams, the State Library & QV Shopping Center right in front, as well as Emporium, Chinatown and RMIT University just footsteps away.
This cleverly designed & conveniently positioned apartment on level 7 features an open plan kitchen with gas cooking, a separate central bathroom, and unobstructed future-proof views of the iconic State Library. Fully refurbished, furnished & easy to rent out, this apartment offers an ideal opportunity for savvy investors looking to secure high-yield investment property.
The building features secure intercom-entry, reception and building concierge, resident facilities including a games room featuring computers, cinema, pool & table-tennis tables and resident lounges.
Investment opportunity: Currently renting for $520 per week until Jan 2025, yielding potential 9% returns. This on demand location is ideal for renters and University students seeking extra convenience due to it's close proximity to the RMIT & Melbourne University precinct.
For any further queries or to book a private inspection please contact Annamaria Stella on 0481 602 108.
Property History for 706/339 Swanston St, Melbourne, VIC 3000
- 21 Nov 2025Listed for Sale $300,000- $310,000
- 23 Sep 2024Listed for Sale $300,000- $310,000
- 12 Jun 2018Listed for Rent - Price not available
Recent sales nearby
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0About 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 64,280 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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