709/118 Russell Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

709/118 Russell Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 1211m2
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Property Details for 709/118 Russell St, Melbourne

709/118 Russell St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 1211m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in August 2009.

Building Type
Unit
Year Built
1950
Floor Size
65m2
Land Size
1211m2
Local Government
Melbourne
Lot/Plan
709/PS428294

Last Listing description (November 2025)

Comprising modern and stylish kitchen with granite bench tops, stainless steel appliances, tiled splash backs, dishwasher and plenty of storage space. Spacious living and dining area with air conditioning opening up to your own private balcony. Excellent sized bedrooms, master with built in wardrobe and wall mounted heater, sparkling central bathroom with laundry facility including dryer.

The apartment is situated right at the "Paris end" of Collins Street - best cafes and shops, boutiques, bars, Fitzroy garden, Bourke street mall. With convenient access to schools, public transport, plus so much more!

Property History for 709/118 Russell St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$378,000
02 Aug 2009
Listed for Rent
$420/w
01 Jul 2022
  • 08 Oct 2025
    Listed for Rent $620 / week
  • 11 Jul 2024
    Listed for Rent $592 / week
  • 01 Jul 2022
    Listed for Rent $420 / week
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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 64,265 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.
There are currently 278 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2686 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.