701/512-542 Spencer Street, West Melbourne, VIC 3003 | Property Value & History | OnTheHouse
 
OFF MARKET

701/512-542 Spencer Street
West Melbourne VIC 3003

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 19 Jan 2026
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Property Details for 701/512-542 Spencer St, West Melbourne

701/512-542 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2022.

Building Type
Unit
Year Built
2022
Local Government
Melbourne

Last Listing description (December 2022)

The Marker 1Bedroom 1Study 1 Bathroom available NOW

The Marker takes a significant step forward in the evolution of West Melbourne. A statement of quality, livability and scale, to shape the urban fabric of an historic neighborhood.

The first edition, Stanley & Spencer, is perfectly positioned to take advantage of a landmark location with design that exemplifies a more advanced approach to modern living. Distinct architecture is a rarity of proportion and detail, delivering spaces that are personal, adaptive and entirely sophisticated, with comfort at their core.

On the edge of the city and bordering a tranquil, tree-lined neighborhood, the precinct is transforming into a leafy residential borough, with its industrial heritage reimagined for a growing community of urban dwellers. Surrounded by a privilege of Melbourne's favorite parks and gardens, the area exudes an unmistakable village vibe.

Surroundings:
ONLY 2.2KM AWAY FROM MELBOURNE CBD! NORTH MELBOURNE AND DOCKLANDS IN MERE MINUTES BY PUBLIC TRANSPORTATION. Shopping: The District Docklands, Costco Wholesale, Queen Victoria Market and Melbourne Central Shopping Center are just nearby

Transportation: Walking distance to Bus 216, Tram 30/35 and North Melbourne Train Station Education: Within school zone of Docklands Primary School & University HighHaileybury, West Melbourne, RMIT University and University of Melbourne are all in easy reach Leisure: Marvel Stadium, NewQuay Square, Flagstaff Gardens, Royal Park and North Melbourne Recreation ReserveHealthcare: The Royal Melbourne Hospital

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Property History for 701/512-542 Spencer St, West Melbourne, VIC 3003

A timeline of how this property has performed in the market
  • 10 Dec 2022
    Listed for Rent - Price not available
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About West Melbourne 3003

The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation.In 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.

West Melbourne has 8,465 properties. Over the last 5 years, Houses in West Melbourne have seen a -2.68% decrease in median value, while Units have seen a -1.84% decrease. As at 31 December 2025:

  • The median value for Houses in West Melbourne is $1,342,812 while the median value for Units is $507,741.
  • Houses have a median rent of $630 while Units have a median rent of $610.
There are currently 34 properties listed for sale, and 26 properties listed for rent in West melbourne on OnTheHouse. According to Cotality's data, 372 properties were sold in the past 12 months in West melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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