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506/79 Market Street, South Melbourne$592,000
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506/79 Market Street

South Melbourne, VIC 3205, Australia
$592,000
2 bed 1 bath 1 car

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About this property

Delivering far more than stylish two-bedroom accommodation, this sophisticated apartment offers a lifestyle of exceptional convenience in one of South Melbourne's most tightly held pockets. Bathed in natural light and positioned within a predominantly owner-occupied boutique building, it presents an outstanding opportunity for first homebuyers, professionals and savvy investors alike, all moments from South Melbourne Market, Clarendon Street, Crown Entertainment Complex and city-bound trams. Contemporary finishes and pale timber flooring complement the expansive open-plan living and dining domain, where floor-to-ceiling stacker doors seamlessly extend the interiors to a covered terrace with captivating city skyline views. At the heart of the home, a sleek stone kitchen appointed with a brand new large Bosch dishwasher and premium Smeg appliances delivers both style and functionality. Two generous bedrooms feature mirrored built-in robes and excellent storage, including a versatile study nook to the main bedroom, which also enjoys ensuite-style access to the designer bathroom. Additional appointments include a full European laundry, reverse-cycle heating and cooling, double glazing, video intercom security, lift access, basement car space. Residents can take full advantage of the spectacular communal rooftop terrace with BBQ facilities and panoramic city views, while enjoying immediate access to South Melbourne's renowned cafés, restaurants, bars and boutiques. Stroll to the iconic market, break a sweat at one of the many local gyms, explore Albert Park Lake, swim or train at MSAC, or jump on a tram for effortless access to the CBD, Arts Precinct and the bay.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
1
Listed
1 month ago

Repayment calculator

$2,870/month
$1,435 /fortnight
Loan $473,600 at 6.10% over 30 years

Upfront costs

Deposit$118,400
Stamp duty$30,590
Conveyancing (est.)$2,000
Total upfront$150,990
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 2-bedroom apartment in South Melbourne, VIC 3205 sits within reach of public transport, local shops and nearby schools. It is listed 14% above the $518,000 median of 70 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 117: York Street (tram)518 m away
  • The Tyre Factory543 m away
  • Unnamed409 m away
  • Town Hall Reserve507 m away
  • Boyd Community Park553 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 2 bed

Compound growth -0.9% / yr over 4 yrs

$658kcurrent median

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