1009/32 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

1009/32 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 99m2
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Last updated 17 Aug 2026
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Property Details for 1009/32 Palmerston Cres, South Melbourne

1009/32 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2024. The property has a floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2024
Floor Size
99m2
Local Government
Port Phillip
Lot/Plan
1009/PS823296

Last Listing description (August 2026)

Elevated above South Melbourne in the acclaimed Oasis Residences, this beautifully appointed apartment delivers an exceptional lifestyle where contemporary luxury meets breathtaking panoramic views across Melbourne's ever-changing skyline.Bathed in natural light through expansive floor-to-ceiling glazing, the spacious open-plan living and dining domain flows effortlessly to a generous undercover balcony, perfect for morning coffee, sunset entertaining, or simply taking in the sweeping city outlook. At the heart of the home, a designer stone kitchen impresses with premium appliances, abundant storage, a striking island bench and refined finishes.The thoughtfully designed floorplan offers excellent separation between living and accommodation. A generous main bedroom enjoys built-in robes and direct access to the stylish bathroom, while the versatile second bedroom suits use as a second bedroom, home office or media room.Additional features include secure basement car parking with indoor visitor parking also available, split-system heating and cooling, a European laundry and secure video intercom entry, each finished with the same attention to detail as the rest of the home.A private resort, every day.Oasis Residences sets a new standard for apartment living in Melbourne. Residents enjoy exclusive access to a full suite of state-of-the-art amenities, rarely found under one roof: a heated rooftop pool with uninterrupted CBD views, widely regarded as the most spectacular of any building in Melbourne, a fully equipped gym, a sauna, a private cinema room, a piano room, a library, an elegant resident lounge and dining room, a dedicated kids' room and a meeting room. Picture a warm dip in the pool as the sun sets over the city, a workout followed by time in the sauna, or an evening hosting friend in the lounge or cinema room, all without leaving the building.Positioned moments from South Melbourne Market, Clarendon Street's renowned cafs and restaurants, the Royal Botanic Gardens, Albert Park Lake, Crown Entertainment Complex, South Wharf and the CBD, with trams virtually at the doorstep, this is an exceptional opportunity to secure a sophisticated lifestyle or blue-chip investment in one of Melbourne's most connected locations.

Property History for 1009/32 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$1,108,000
05 Jun 2023
  • 21 Jul 2026
    Listed for Sale Expressions of interest close 17 August at 5pm
  • 05 Jun 2023
    Sold for $1,108,000
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.

South Melbourne has 12,941 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:

  • The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
  • Houses have a median rent of $850 while Units have a median rent of $675.
There are currently 31 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 482 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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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.