712/60 Market Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

712/60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1074m2
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Last updated 20 Apr 2026
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Property Details for 712/60 Market St, Melbourne

712/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 1074m2. While the property is not currently for sale or for rent, it was last sold in January 2016.

Building Type
Unit
Year Built
2000
Land Size
1074m2
Local Government
Melbourne
Lot/Plan
712/PS336605

Last Listing description (April 2016)

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you d like to discuss your investment property options please call me on 0438 557 885

Situated in the heart of the city, the Oaks On Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.

For the astute investor is this large studio apartment of 37 square meters situated on level seven and on the Northern side of the block. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over a bath and ducted reverse cycle air-conditioning.
The perfect CBD location opposite the Crown casino entertainment complex the building boasts a restaurant & bar, heated pool, sauna, spa plus a fully equipped gymnasium.
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Rent: $16,808 pa - $323 per week (approx.)
Return: 6.75%
Reviews: 5% increases every 2nd year of lease
Term: Leased to the 'Oaks group' until September 2016
Options: 4 x 5 year options thereafter
Outgoings:
Tenant:
Owners Corporation fees
Council and Water rates
Insurance
General maintenance
Water usage
Owner:
Sinking Fund $220 per quarter (approx.)

For further enquiries please call:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.

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Property History for 712/60 Market St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$237,000
07 Jan 2016
  • 07 Jan 2016
    Sold for $237,000
  • 18 Nov 2015
    Listed for Sale SOLD
  • 08 Sep 2003
    Sold for $219,500
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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 64,266 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 276 properties listed for sale, and 164 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2683 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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