508/79 Market Street, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

508/79 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 848m2
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Property Details for 508/79 Market St, South Melbourne

508/79 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 61m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
Unit
Year Built
2016
Floor Size
61m2
Land Size
848m2
Local Government
Port Phillip
Lot/Plan
508/PS723567

Last Listing description (March 2025)

Experience one of Melbourne?s most iconic inner-city lifestyles with this sleek and stylish two-bedroom apartment just a short stroll from South Melbourne Market, Clarendon Street, and the Southbank precinct.

Positioned on the fifth floor of The Walker Apartments, a sophisticated contemporary building behind an original period fa?ade, spacious proportions provide an exciting first home, ideal CBD base or richly rewarding investment with storage, secure basement parking and CBD view communal rooftop in a quiet yet convenient city edge location.

Pale timber floors and white-washed walls frame light filled open plan living areas that feature a fully appointed stone finished kitchen with peninsula bench and wall-to-wall sliding glass doors that flow to an undercover terrace perfect for early morning cuppas or warm evening cocktails. Two bedrooms each include a wall of mirrored built-in robes whilst an on-trend bathroom offers the luxury of a double head shower and ample storage.

Other property extras include a full European laundry, multiple split heating/cooling units for efficient climate control, double glazing, video intercom entry, storage cage, secure basement parking and the fabulous communal rooftop featuring front and centre CBD views.

Enjoy South Melbourne?s renowned pub scene, its awarded restaurants and bars, celebrity cafes and Clarendon Street boutiques, stroll to major supermarkets, famous South Melbourne Market, trams and light rail links, parks, MSAC and Albert Park Lake. Walk to the Southbank precinct, Crown Casino, and Yarra trails with easy access to the CBD and Citylink.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.

Property History for 508/79 Market St, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$620,000
03 Feb 2024
Listed for Rent
$550/w
27 Jan 2023
  • 03 Feb 2024
    Sold for $620,000
  • 22 Jan 2024
    Listed for Sale $580,000 - $620,000
  • 18 Jan 2023
    Listed for Rent $550 / week
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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 12,940 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 51 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 485 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.