504/79 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

504/79 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 848m2
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Property Details for 504/79 Market St, South Melbourne

504/79 Market St, South Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 848m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2016
Floor Size
55m2
Land Size
848m2
Local Government
Port Phillip
Lot/Plan
504/PS723567

Last Listing description (May 2025)

In the very heart of South Melbourne, this fifth-floor apartment is an ideal choice for professionals with its intelligent design, quality features throughout and secure boutique surrounds. A short stroll to Clarendon Street trams and eateries, boutique shops and major supermarkets, renowned South Melbourne Market, as well as Southbank precinct, Yarra trails and easy access to Citylink.

Comprising of:
- Secure intercom entrance

- Open plan living/ dining area
- Kitchen with gas cooktop and dishwasher
- Balcony with city views
- Two good sized bedrooms with built-in-robes
- Central bathroom with European laundry
- Split system heating/ cooling
- Communal rooftop terrace

Property History for 504/79 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$575,000
24 Jan 2022
  • 09 May 2025
    Listed for Rent $675 / week
  • 22 Feb 2024
    Listed for Rent $625 / week
  • 24 Jan 2022
    Sold for $575,000
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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 12,922 properties. Over the last 5 years, Houses in South Melbourne have seen a -2.61% decrease in median value, while Units have seen a 1.68% increase. As at 30 June 2026:

  • The median value for Houses in South Melbourne is $1,689,377 while the median value for Units is $624,560.
  • Houses have a median rent of $825 while Units have a median rent of $675.
There are currently 34 properties listed for sale, and 35 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 459 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.