812/60 Market StreetMelbourne VIC 3000
Property Details for 812/60 Market St, Melbourne
812/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit 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 April 2023.
Last Listing description (May 2023)
Looking for a set and forget investment property? Look no further than this fully-furnished and studio apartment in the wonderful 'Oaks on Market' hotel complex just a short walk to Southbank and Crown Casino.
A brilliant 'set and forget' property for investors of all types, as well as those with a self-managed super fund, this 8th floor gem will appeal to many with an enticing rental return of $12,701.53 per year and a yield of 6.68%, while having a secure lease until 2036.
Best of all you do not pay outgoings including Owners corporation admin fees, council rates, water rates, agents management fees or utility bills. Your rent is guaranteed and is the same every month subject to the scheduled increases in rent.
This apartment is highlighted by the spacious central living and sleeping area with study desk, flat screen TV, and robe storage, granite kitchenette with Fisher and Paykel induction cooktop and refrigerator as well as an LG microwave, sleek bathroom, central heating and cooling, and access to building amenities which include a concierge, gymnasium, heated lap pool, sauna, spa, and three function rooms. The ground floor has also been recently renovated with a new bar, restaurant, and lobby.
Located in a quiet city pocket near Southbank Promenade, Freshwater Place, Southgate shopping, Rialto Towers, an array of city bars and boutique shopping, Bourke Street Mall, Melbourne's GPO, Crown Entertainment Complex with world-class restaurants, trams in all directions, Southern Cross Station, and Flinders Street Station.
Property History for 812/60 Market St, Melbourne, VIC 3000
- 12 Apr 2023Sold for $185,000
- 02 Jan 2023Listed for Sale $190,000
- 11 Jan 2018Sold for $267,000
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 64,264 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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