503/79 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

503/79 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 17 Aug 2026
Low

High
Save

Property Details for 503/79 Market St, South Melbourne

503/79 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. While the property is not currently for sale or for rent, it was last sold in March 2014.

Building Type
Unit
Year Built
2016
Local Government
Port Phillip
Lot/Plan
503/PS723567

Last Listing description (February 2026)

Two Bedroom Spacious Apartment In Central South Melbourne!

Be the one to live in this fantastic apartment with a location boasting easy access to everything that has made Melbourne so great.

This generous size apartment features a fabulous open plan kitchen with stainless steel appliances, stone bench tops and an abundance of cabinet space.
The kitchen flows into a very versatile living space opening to an entertainers balcony with spectacular city views!

Comprising of 2 generous sized bedrooms complete with built in mirrored robes and study nooks with great natural light, a chic central bathroom and European Laundry. Other features include; split system heating/cooling, floorboards in the living areas, secure basement car parking and storage cage.

Residents of the building will also benefit from secure building entry and a communal rooftop/BBQ area.

All of this is located just off Clarendon Street with all its shops, bars, restaurants and trams, and easy walking distance to the Crown entertainment complex along Melbourne's iconic Yarra Promenade.

* Please register to attend an inspection and to be notified of open for inspection times and changes. Open for inspections are subject to change and or cancellation without notice

Property History for 503/79 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$629,950
06 Mar 2014
  • 05 Dec 2025
    Listed for Rent $650.00 Per Week
  • 18 Feb 2021
    Listed for Rent $500
  • 19 Oct 2016
    Listed for Rent - Price not available
Commute Calculator

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 12,942 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, 483 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

Market Insights
South Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.