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

Location
Market Insights for West Melbourne VIC 3003
New Listings (last 30 days)
14
Average price
$601,750
Lowest price
$250,000
Highest price
$900,000
Other properties in this postcode

106/392 Spencer Street, West Melbourne VIC 3003

$570,000 - $600,000

Listed: 15th Jul 2026
Updated: 29 days ago
Overview

This first-floor apartment in the heritage-listed Bond Quarter building perfectly blends classic character with modern sophistication, featuring soaring 4-metre vaulted ceilings that amplify natural light throughout the living spaces. An expansive private terrace framed by exposed red brick creates a versatile alfresco area ideal for entertaining or quiet relaxation amidst a vibrant city-edge setting.

The kitchen stands out with elegant stone benchtops, a mirrored splashback, and a full suite of integrated Smeg appliances offering both style and convenience. The spacious open-plan living and dining areas benefit from floor-to-ceiling windows that seamlessly connect the indoors with the outdoor terrace, enhancing an airy, contemporary feel.

  • Two generous bedrooms with mirrored built-in robes and abundant natural light
  • Luxurious master ensuite with rainfall shower and fully tiled finish
  • A versatile study zone with built-in workstation optimised for remote working
  • Additional bathroom with premium tiling and mirrored cabinetry
  • Quality fixtures including double glazing, roller blinds, split-system heating and cooling, and elegant oak flooring
  • Secure basement parking and storage cage enhance practicality
  • Concealed European laundry, video intercom, and designer lighting complete the sophisticated offering

Situated moments from key Melbourne amenities such as Queen Victoria Market, Docklands, universities, and prestigious schools, this property offers an unrivalled CBD fringe lifestyle. It caters well to owner-occupiers seeking a stylish, low-maintenance urban home or investors targeting a desirable location with strong appeal.

Local Market Insights

In West Melbourne, Quiet Listings observed 14 new apartments entering the market over the last 30 days, down from 21 during the previous 30-day period, with an average advertised asking price of $601,750. The property type mix of listed properties is predominantly Apartments at 70%, followed by commercial properties (25%), and houses (5%). The most active agency for apartments in the West Melbourne area is currently Belle Property, representing 14% of new listings, followed by Ironfish Realestate with 14%. 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.

Change History
Headline When
$570,000 - $600,000
$590,000 - $620,000