504/32 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

504/32 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 3 Aug 2026
Low

High
Save

Property Details for 504/32 Palmerston Cres, South Melbourne

504/32 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2024. The property has a floor size of 83m2.

Building Type
Unit
Year Built
2024
Floor Size
83m2
Local Government
Port Phillip
Lot/Plan
504/PS823296

Last Listing description (June 2025)

Experience luxury urban living in this brand new three-bedroom, two-bathroom residence, complete with a dedicated car space and a rare oversized private terraceperfect for outdoor dining, entertaining, or simply enjoying the sunshine in your own quiet retreat, right in the heart of the city.

Key Features:
Spacious Interiors: Open-plan living and dining areas offer a generous and flexible layout for both relaxation and entertaining.

Modern Kitchen: Featuring high-end appliances, sleek cabinetry, and ample bench space, ideal for everyday use or hosting guests.
Private Bedrooms: Three well-proportioned bedrooms with built-in wardrobes provide comfort and practical storage.
Elegant Bathrooms: Two stylishly designed bathrooms with contemporary finishes.
Large Private Terrace: Step outside to your expansive private terracea rare find in apartment livingperfect for alfresco meals, entertaining, or peaceful downtime.
Secure Parking: Includes a dedicated car space for added convenience.
Optional Furnishing: Fully furnished option available, tailored to your needs with modern furniture and appliances.

Building Amenities:
Rooftop Pool: Take in sweeping city views from the rooftop poola serene escape above the bustling streets.
Fitness Center: Stay fit with access to a fully equipped gym.
Communal Spaces: Landscaped gardens and shared areas ideal for relaxing or socialising.

Prime Location:

Located in the sought-after Oasis Residences, Apartment 504 offers unparalleled convenience just moments from Melbournes CBD, Albert Park Lake, public transport, local cafes, shopping, and cultural landmarks. Whether youre seeking vibrant city living or a peaceful urban sanctuary, this residence delivers the best of both worlds.

Property History for 504/32 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
  • 15 May 2025
    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 12,932 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 30 properties listed for sale, and 43 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 466 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.