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Location

Market Insights for Melbourne VIC 3000

New Listings (last 30 days)

Average price

$612,708

Lowest price

$170,000

Highest price

$2,651,674

1213/408 Lonsdale Street, Melbourne VIC 3000

$224,000

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$224k - $235k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath

Listed: 3 days ago

Updated: yesterday

Overview

Situated in the vibrant heart of Melbourne’s CBD, this compact apartment offers an enviable city lifestyle designed for convenience and connectivity. Located on the top floor within a modern complex, the property boasts an open-plan layout where natural light streams through large windows, creating a bright and inviting living space. Roller blinds provide practical privacy control while panel heating ensures comfort throughout the seasons.

The kitchen is streamlined with an electric stove and oven, balancing functionality with simplicity, seamlessly connecting to the living/bedroom area. This efficient use of space suits individuals prioritizing ease of living without sacrificing amenity.

Additional practical advantages include a large storage cupboard, secure key-card and intercom entry systems, and communal laundry facilities, underlining the secure and low-maintenance nature of the home. Its location allows immediate access to a wide range of amenities including Queen Victoria Market, Melbourne Central, Flagstaff Gardens, Chinatown, universities, and an array of shops, cafes, and eateries, all accessible by free city trams. This positioning makes it ideal for those seeking proximity to work, study, or social hotspots within the city.

This property is particularly suited to professionals, investors, or downsizers who value the lifestyle benefits of central city living combined with manageable maintenance, making it a distinctive opportunity in one of Melbourne’s most connected neighborhoods.

Local Market Insights

In Melbourne, Quiet Listings observed 88 new apartments entering the market over the last 30 days, up from 70 during the previous 30-day period, with an average advertised asking price of $612,708. The property type mix of listed properties is predominantly Apartments at 67%, followed by commercial properties (30%), and units (3%). The most active agency for apartments in the Melbourne area is currently Dingle Partners, representing 15% of new listings, followed by Melbournian Property Group with 13%. 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.