603/97 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 603/97 Palmerston Cres, South Melbourne
603/97 Palmerston Cres, South Melbourne is a 2 bedroom, 1 bathroom Apartment with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Apartment sold in South Melbourne in the last 12 months.
Last Listing description (August 2025)
Showcasing a stunning northern aspect and spacious balcony with city views from the iconic ‘Orbis’ building by award-winning ARM Architects, this sixth-floor apartment in a desirable pocket of South Melbourne is a standout opportunity for first home buyers or savvy investors (approx. 6% return). The open plan living area extends to the balcony through floor to ceiling windows from the sleek, stone-finished kitchen, equipped with integrated dishwasher. The main bedroom featuring built-in robes is complemented by a stylish mosaic-tiled bathroom, while the versatile second bedroom can also be used as a home office. Stay comfortable with split-system heating and cooling, and secure basement with your choice of one or two parking spaces available, each complete with an attached storage cage. Enjoy this ideal first-home or secure investment with proximity to Albert Park Lake, Clarendon Street's vibrant shopping and café precinct, South Melbourne Market, and effortless access to city-bound trams.
Property History for 603/97 Palmerston Cres, South Melbourne, VIC 3205
- 11 Aug 2025Sold for $525,000
- 19 Jun 2025Listed for Sale $499,500 to $549,000
- 19 Jun 2024Listed for Rent $625 / week
Recent sales nearby
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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 12,875 properties. Over the last 5 years, Houses in South Melbourne have seen a 1.10% increase in median value, while Units have seen a 3.74% increase. As at 31 May 2026:
- The median value for Houses in South Melbourne is $1,736,032 while the median value for Units is $635,102.
- Houses have a median rent of $825 while Units have a median rent of $675.
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