311/60 Market StreetMelbourne VIC 3000
Property Details for 311/60 Market St, Melbourne
311/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (December 2023)
This apartment is for investors only!!
Rental income – Approx. $12,000 a year
INCREASE: Annual CPI (Capped at 5%) each September between Market Reviews
Owners Corporation Admin
Water Rates
Insurance
General maintenance
OWNER PAYS:
Maintenance Fund Fee: $1,108pa
This 'set and forget investment property within the 4.5 Star Oaks on Market Street, Oahs have the option to lease until 2036.
The apartment itself open plan living /dining area, and a separate fully equipped granite kitchenette that has sufficient natural light from the floor-to-ceiling windows. Coming fully furnished with sofas, dining table & matching chairs, coffee table and flat-screen TV, a well-appointed large bathroom, central heating and cooling, secure building entry, and access to amenities which include a concierge, gym, heated lap pool, sauna, spa, and function room.
There is also a brand-new cafe/restaurant on the ground floor, which has just been upgraded.
And add to all this is that you will have the best Melbourne has to offer all at your doorstep, Flinders and Southern Cross Stations around the corner & just a short walk and you will land in all the best of Melbourne's sporting, Crown Complex and Melbourne’s iconic lane-ways, buzzing bars, fashionable boutiques, top-rated cafés, and world-class restaurants, this is located at its ultimate best
Property History for 311/60 Market St, Melbourne, VIC 3000
- 04 Dec 2023Sold for $182,000
- 17 Nov 2023Listed for Sale Not Disclosed
- 09 Oct 2006Sold for $208,500
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Melbourne has 60,846 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:
- The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
- Houses have a median rent of $580 while Units have a median rent of $650.
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