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1904/60 Market Street, Melbourne$245,000
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For Saleapartment

1904/60 Market Street

Melbourne, VIC 3000, Australia
$245,000
1 bed 1 bath37 m²

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About this property

Positioned within the highly regarded Oaks Melbourne on Market, this spacious apartment (approximately 37sqm) presents an outstanding opportunity to secure a high-performing, low-maintenance investment in the heart of Melbourne's CBD. Situated on the 19th floor, the apartment offers a light-filled open-plan living and dining area with high ceilings, complemented by a modern kitchen featuring granite benchtops and quality appliances. Ducted reverse-cycle air conditioning ensures year-round comfort throughout. Residents enjoy access to premium hotel-style facilities, including an indoor heated swimming pool, fully equipped gymnasium, and on-site dining, all of which contribute to strong tenant appeal and consistent long-term occupancy. Investment Highlights: Approximate Annual Income: $19,000 per annum, increasing to approximately $19,500 per annum from 1 September 2026 Owner's Annual Outgoings: Approximately $1,500 Secure Lease: Leased to Oaks Group until August 2031, with further options available Tenant Pays: Owners Corporation administration fund, council rates, and water rates Nearby trams enable guests to access all the fantastic local cafes, shops, restaurants, and bars that the CBD has to offer, while other attractions within close proximity include Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, Southern Cross Station.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Land Area
37 m²
Listed
Yesterday

Repayment calculator

$1,188/month
$594 /fortnight
Loan $196,000 at 6.10% over 30 years

Upfront costs

Deposit$49,000
Stamp duty$9,770
Conveyancing (est.)$2,000
Total upfront$60,770
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 Melbourne

This 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 48% below the $475,000 median of 71 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Southgate Landing - Berth 1 (ferry)476 m away
  • Rapha719 m away
  • Market Street Park49 m away
  • Unnamed569 m away
  • Unnamed631 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.8% / yr over 4 yrs

$345kcurrent median

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Price history

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1 price change recorded for this property

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