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Location

Market Insights for Melbourne VIC 3000

New Listings (last 30 days)

Average price

$722,853

Lowest price

$170,000

Highest price

$8,000,000

4502/318 Queen Street, Melbourne VIC 3000

1450000

Search Band

$1.5M - $1.65M High Confidence Calculated based on strong search observations.

Apartment 3 beds 2 baths 1 car

Listed: 6th Aug 2026

Updated: 22 days ago

Overview

This exceptional apartment offers a rare opportunity to live in one of the boutique residences within Melbourne’s prestigious Paragon building. Comprising only three units with identical layouts across 48 levels, this exclusive corner apartment maximizes its position with expansive uninterrupted views of Melbourne’s skyline, Victoria Harbour, and tranquil Port Phillip Bay.

Spanning approximately 136 square meters, the residence delivers a thoughtfully designed open plan living and dining area flooded with northern sunlight through full-height glass windows, forging a seamless connection between interior comfort and panoramic vistas. The sleek kitchen, finished with marble and crafted by chef Adam D'Sylva, features premium Gaggenau appliances and stone benchtops, combining culinary functionality with refined aesthetics.

The three spacious bedrooms are equipped with built-in robes; the master suite benefits from a private ensuite, while a central bathroom features modern terrazzo accents and a floating vanity. The apartment integrates practical conveniences such as a separate laundry, secure parking, and storage cage, alongside double glazing and integrated heating and cooling systems, enhancing comfort and privacy.

Lightly toned oak timber flooring warms the interiors, while the building itself is an architectural landmark designed by the esteemed Fender Katsalidis Architects and landscaped by renowned Paul Bangay. Residents have privileged access to world-class amenities including a gym, indoor heated pool, spa, sauna, private library, private theatre, entertainers club, and Australia’s first three-story indoor urban forest, cultivating an exclusive lifestyle.

Perfectly positioned, the residence affords effortless access to key Melbourne destinations including Melbourne Central, QV, Emporium shopping precincts, universities, free city trams, Flagstaff Gardens, and Queen Victoria Market. This apartment represents a compelling proposition for discerning buyers seeking a sophisticated urban living experience with unrivalled views and amenities.

Local Market Insights

In Melbourne, Quiet Listings observed 92 new apartments entering the market over the last 30 days, up from 68 during the previous 30-day period, with an average advertised asking price of $722,853. The property type mix of listed properties is predominantly Apartments at 74%, followed by commercial properties (24%), and units (2%). The most active agency for apartments in the Melbourne area is currently Dingle Partners, representing 14% of new listings, followed by Melbournian Property 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.