815/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last sold in February 2016.
Set in the recently refurbished Manhattan-style building Oaks On Collins , this serviced studio apartment is bright, secure and well appointed. With a long-term lease and an excellent net return, it makes for an outstanding investment in an outstanding CBD location.
The building also has secure swipe entry, internal lift access, a business centre, on site cafe and an upmarket gym with outdoor lap pool.
Located in the heart of Melbourne's legal and financial precinct, the impressive complex is next door to the Australian Stock Exchange and opposite international icon the Rialto Tower. A two-minute walk away is access to Southgate, Crown, Etihad and Docklands Waterfront City. The prime location also provides easy reach to various trams and buses and is a short stroll from Southern Cross Station.
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 64,268 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:
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