Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

1306 / 32 Palmerston Crescent, South Melbourne VIC 3205

Award-Winning Design: $1,680,000

Listed: 25th Jun 2026
Overview

Discover an extraordinary opportunity to own a beautifully designed, light-filled apartment residing within South Melbourne’s sophisticated Oasis Residences. This thoughtfully crafted high-floor home combines luxury with practical convenience, making it ideal for comfortable inner-city city living as well as a strategic long-term investment.

The property features three well-appointed bedrooms, two modern bathrooms, and provision for two secure undercover car parking spaces, delivering functionality alongside style.

Location is a core advantage. Situated on the doorstep of Melbourne’s central business district, this apartment enjoys prime proximity to the celebrated Oasis development at 1 Cobden Street. Residents benefit from easy access to renowned local highlights such as the vibrant South Melbourne Market, the tranquil Royal Botanic Gardens, Albert Park Lake, and Melbourne’s thriving Arts Precinct. Additionally, an extensive selection of cafés, dining venues, and boutique retail outlets are right at your fingertips.

The transport connections are excellent, with multiple tram lines nearby, quick freeway access, and the dynamic St Kilda Road corridor just moments away. This location masterfully merges accessibility with a serene urban atmosphere, catering effectively to professionals, families, downsizers, and investors alike.

Demand in this area remains strong with consistent rental interest and solid prospects for long-term capital growth. Oasis Residences is highly regarded for its outstanding resident facilities and enduring owner-occupier appeal, underscoring the premium quality of this community.

The apartment itself offers elevated views and floods with natural light from its high-floor vantage point. Spacious open-plan living and dining areas are framed by expansive floor-to-ceiling windows, creating a bright, inviting environment. Exclusive amenities for residents include a rooftop infinity pool, private dining lounge, fully-equipped gymnasium, library, and wellness spaces, enhancing the lifestyle offered.

The building showcases contemporary design, credited to the award-winning architectural firm Hayball, ensuring a secure and modern living environment. Additional features worthy of note include two allocated car spaces secured with title, a stylish kitchen outfitted with stone benchtops and high-quality appliances, reverse-cycle heating and cooling for year-round comfort, and secure intercom entry for peace of mind.

Positioned moments from South Melbourne Market and Albert Park, as well as top public transport links and the central city precinct, the residence offers an exceptional city-fringe lifestyle. Whether you seek a spacious, low-maintenance family home close to the city or a prime investment with proven rental potential, this property delivers sophistication, convenience, and enduring value.

Enquire today to discover a refined living experience where luxury meets practical urban lifestyle.

Local Market Insights

In South Melbourne, Quiet Listings observed 16 new apartments entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $721,188. The property type mix of listed properties is predominantly Apartments at 37%, followed by commercial properties (37%), and houses (24%). Buxton Real Estate Group was the most active agency in this area, representing 12.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
1306 / 32 Palmerston Crescent
South Melbourne VIC 3205
Market Insights for South Melbourne VIC 3205
New Listings (last 30 days)
16
Average price
$721,188
Lowest price
$299,000
Highest price
$1,680,000
Other properties in this postcode