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1306/32 Palmerston Crescent, South Melbourne$1.68m
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For Saleapartment

1306/32 Palmerston Crescent

South Melbourne, VIC 3205, Australia
$1.68m
3 bed 2 bath 2 car

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About this property

Discover an exceptional opportunity to secure a beautifully appointed, light-filled residence in one of South Melbourne's most sophisticated lifestyle addresses Oasis Residences. Offering the ideal blend of luxury, convenience, and long-term investment appeal, this high-floor home presents effortless inner-city living at its finest. Property Highlights 3 bedrooms | 2 bathrooms | 2 secure undercover parking spaces Why it works Lifestyle & Location Perfectly positioned on the doorstep of the CBD, this residence sits within the highly acclaimed Oasis development at 1 Cobden Street. Enjoy unbeatable proximity to the iconic South Melbourne Market, Royal Botanic Gardens, Albert Park Lake, the Arts Precinct, and an endless selection of cafés, dining, and boutique retail. With multiple tram lines, easy freeway access, and the vibrant St Kilda Road corridor moments away, this address brings together convenience, culture, and calm. Ideal for professionals, families, downsizers, or investors Offering strong rental demand and long-term value growth, this premium home sits within one of South Melbourne's most desirable lifestyle developments, known for its outstanding facilities and consistent owner-occupier appeal. What's to Love Elevated views and abundant natural light from a high-floor position Spacious open-plan living and dining framed by floor-to-ceiling glass Exclusive resident facilities including rooftop infinity pool, private dining lounge, gym, library, and wellness spaces Secure, modern building designed by award-winning architects Hayball Additional features include: Two secure car spaces on title Stylish kitchen with stone benchtops and high-quality appliances Reverse-cycle heating and cooling, plus secure intercom entry Steps to South Melbourne Market, Albert Park, the CBD, and top transport links Whether you're searching for a generous city-fringe home or a blue-chip investment with proven rental prospects, this South Melbourne address delivers low-maintenance luxury in one of the area's most sought-after lifestyle communities. Enquire now to experience modern living where convenience meets sophistication.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
2
Listed
3 months ago

Repayment calculator

$8,145/month
$4,072 /fortnight
Loan $1,344,000 at 6.10% over 30 years

Upfront costs

Deposit$336,000
Stamp duty$92,400
Conveyancing (est.)$2,000
Total upfront$430,400
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in South Melbourne

This 3-bedroom apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 149% above the $675,000 median of 60 comparable apartmentswithin 5 km.

Schools near South Melbourne

  • Galilee Regional Catholic Primary Schoolprimary · Prep-6 · CoEd
  • Hester Hornbrook Academy - South Melbournesecondary
  • Youth2Industry Collegesecondary · 11-12 · CoEd

What's nearby

  • Stop 119: Wells Street (tram)102 m away
  • BP Workshop60 m away
  • Unnamed236 m away
  • Eastern South Reserve350 m away
  • Eastern North Reserve364 m away

South Melbourne at a glance

Full suburb profile
Population
11,548
Median age
39
Household income
$2,101/wk
Median rent
$421/wk
Median mortgage
$2,200/mo

Source: ABS Census.

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Suburb market

Suburb price trend

South Melbourne price trend

Median sold · Unit 3 bed

Compound growth +2.4% / yr over 4 yrs

$1.30mcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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