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Location

Market Insights for Moonee Ponds VIC 3039

New Listings (last 30 days)

Average price

$3,240,529

Lowest price

$439,000

Highest price

$20,000,000

325 Ascot Vale Road, Moonee Ponds VIC 3039

Sale By Negotiation

Search Band

$4.75M - $5M Medium Confidence Calculated based on our search observations.

Land 1140 m²

Listed: 28th Jul 2026

Updated: 14 hours ago

Overview

This substantial development site in central Moonee Ponds offers unique potential with an approved permit for an eight-level residential complex. Encompassing approximately 1,140 square meters, the site is primed for a premium project featuring 98 serviced apartments designed by the renowned Rothelowman Architects.

Situated within the Activity Centre Zone 1 (ACZ1), the land grants versatile options beyond serviced apartments, including the possibility of residential or build-to-rent developments, subject to council approval. Its enviable location places it mere metres from Moonee Ponds Junction and the vibrant retail and restaurant precincts of Puckle Street and Mt Alexander Road.

This area benefits from a thriving inner-city residential market with strong demand, supported by close proximity to multiple public transport modes including trams at the doorstep and Moonee Ponds train station just moments away. The surrounding neighborhood features high-caliber developments such as Penny Lane and Mason Square, reinforcing the site's blue-chip status.

Approved permit for a high-rise residential development with eight levels
Prime landholding in a sought-after zone offering flexible development opportunities
Close to bustling retail, dining, and transport hubs enhancing connectivity and lifestyle

This opportunity is primarily suited for developers or investors looking to secure a substantial, well-located plot in a dynamic Melbourne suburb with established demand and growth potential. The combination of a ready permit, generous site size, and strategic location offers a compelling platform for a landmark residential project.

Local Market Insights

In Melbourne - Inner, Quiet Listings observed 17 new parcels of land entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $3,240,529. The property type mix of listed properties is predominantly Houses at 40%, followed by apartments (35%), and townhouses (11%). The most active agency for land in the Melbourne - Inner area is currently OBrien Real Estate, representing 18% of new listings, followed by Buxton Real Estate Group with 12%. 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.