805/589 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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805/589 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 41m2
Land area: 507m2
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Last updated 22 Dec 2025
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Property Details for 805/589 Elizabeth St, Melbourne

805/589 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 41m2. While the property is not currently for sale or for rent, it was last sold in December 2019.

Building Type
Unit
Year Built
2014
Floor Size
41m2
Land Size
507m2
Local Government
Melbourne
Lot/Plan
805/PS646121

Last Listing description (May 2015)

589 Elizabeth Street Apartments are located in the heart of Melbourne, walking distance to Queen Victoria Market, Lygon Street, and Flagstaff Gardens. Also, it is close to all the city has to offer including Melbourne Central, Chinatown as well as RMIT and Melbourne Universities. In terms of travelling conditions, trams at your doorstep and train station just stone throw away from your place.This property offers CBD views from upper levels; contemporary kitchens with stone top benches; air conditioning & solar hot water; convenient two-bowl stainless steel sink; stylish foyer and residents lounge area; large balcony with nature daylight comes through, etc.To book an inspection time, please contact Cher on 0433 145 188.

Property History for 805/589 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$249,000
19 Dec 2019
Listed for Rent
$360/w
05 May 2015
  • 19 Dec 2019
    Sold for $249,000
  • 01 May 2015
    Listed for Rent - Price not available
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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 232 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2748 properties were sold in the past 12 months in Melbourne.

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