LEVEL 1/601-603 Elizabeth Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

LEVEL 1/601-603 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 111m2
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Last updated 19 Jan 2026
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Property Details for Level 1/601-603 Elizabeth St, Melbourne

Level 1/601-603 Elizabeth St, Melbourne is a 2 bedroom, 1 bathroom Unit. The property has a land size of 111m2.

Building Type
Unit
Land Size
111m2
Local Government
Melbourne
Lot/Plan
2/TP704757

Last Listing description (February 2020)

Colliers International is pleased to offer for sale 601- 603 Elizabeth Street, Melbourne with the following key attributes:
- Prime double storey freestanding freehold located on one of Melbournes busiest thoroughfares
- Situated in an incredibly tightly-held CBD pocket, in the heart of the Education Precinct

- Exceptional dual street frontage totalling approximately 20m*
- Onsite underground carparking
- Surrounded by Melbournes leading education institutions RMIT University and the prestigious University of Melbourne. Lifestyle amenities including the historical Queen Victoria Market, Flagstaff Gardens and State Library of Victoria
- Conveniently serviced by public transport including Elizabeth and Victoria Street tram routes and Melbourne Central Train Station
- Flexible Capital City Zoning (CCZ5)
- Ideal for future residential, student accommodation, serviced apartments or hotel development (STCA)
- A rare opportunity to purchase a tightly held freehold in Melbournes fastest growing pocket, directly benefiting from the Queen Victoria Market renewal, Peter Mac Cancer Centre, and Melbournes premier universities

*Approximate.

For Sale by International Expressions of Interest (EOI) closing on Tuesday 8th August at 12.00pm

To arrange an inspection or for more information, please contact Colliers International Melbourne City Sales team as the exclusive selling agents

Oliver Hay +61 419 528 540
Daniel Wolman +61 412 957 839
David Sia +61 430 111 223

This property is proudly marketed by the Melbourne City Sales team (MCS).

Property History for Level 1/601-603 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
  • 04 Feb 2020
    Listed for Sale Please contact agent
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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 64,280 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:

  • The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
  • Houses have a median rent of $640 while Units have a median rent of $670.
There are currently 248 properties listed for sale, and 370 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2746 properties were sold in the past 12 months in Melbourne.

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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.