702/32 Palmerston Crescent, South Melbourne, VIC 3205 | Property Value & History | OnTheHouse
OFF MARKET

702/32 Palmerston Crescent
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 24 Aug 2026
Low

High
Save

Property Details for 702/32 Palmerston Cres, South Melbourne

702/32 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
Unit
Local Government
Port Phillip
Lot/Plan
702/PS823296

Last Listing description (February 2025)

Brand new stunning two-bedroom, two-bathroom residence with a dedicated car space, offering an unparalleled living experience in the vibrant heart of South Melbourne.

Key Features:
? Spacious Interiors: This well-designed apartment boasts an open-plan living and dining area, providing ample space for relaxation and entertainment.

? Modern Kitchen: Equipped with high-quality appliances, sleek cabinetry, and generous counter space, the kitchen is perfect for both casual meals and gourmet cooking.
? Private Bedrooms: Two generously sized bedrooms feature built-in wardrobes, ensuring plenty of storage and comfort.
? Elegant Bathrooms: The apartment includes two contemporary bathrooms, designed with stylish fixtures and finishes.
? Secure Parking: Benefit from a dedicated car space, providing convenience and peace of mind.
? Optional Furnishing: For an additional fee, the apartment can be furnished with a complete set of modern furniture and appliances, tailored to your preferences.

Building Amenities:
? Rooftop Pool: Enjoy breathtaking city views from the rooftop pool, offering a perfect retreat for relaxation.
? Fitness Center: Stay active with access to a state-of-the-art gym, equipped with the latest fitness machines.
? Communal Spaces: Take advantage of beautifully landscaped gardens and communal areas, ideal for social gatherings.

Prime Location:

Situated in the Oasis Residences, Apartment 702 offers proximity to the picturesque Albert Park and is just moments away from Melbourne?s CBD. Enjoy easy access to public transport, shopping precincts, cafes, and cultural attractions, making it an ideal choice for those seeking a dynamic urban lifestyle.

Property History for 702/32 Palmerston Cres, South Melbourne, VIC 3205

A timeline of how this property has performed in the market
Last Sold
$973,000
12 Feb 2024
  • 21 Jan 2025
    Listed for Rent $850 / week
  • 12 Feb 2024
    Sold for $973,000
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 12,939 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 28 properties listed for sale, and 53 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 480 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.