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For Saleapartment

605/60 Market Street

Melbourne, VIC 3000, Australia
$289,888
2 bed 1 bath

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Area Price Guide
$272,495$307,281

Indicative price guide range

🏘️
75
Comparable
📊
$460,000
Area median
⚖️
-37%
vs median
🗓️
6 days ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Investor-Only Opportunity Not for Owner Occupation Positioned within the well-established Oaks Melbourne on Market, this spacious two-bedroom apartment (approx. 62sqm) presents a rare opportunity to secure a high-performing, low-maintenance investment in the heart of the CBD. Located on the 6th floor, the apartment features a bright open-plan living and dining area complemented by high ceilings, a modern kitchen with granite benchtops and quality appliances, and ducted reverse-cycle air conditioning throughout. Residents enjoy access to premium hotel-style amenities including an indoor heated swimming pool, fully equipped gym, and on-site diningenhancing tenant demand and long-term occupancy. Investment Overview: Approx. Annual Income: Approx. $22,500 - Outgoing paid by the owner - Approx. $2000 PA Lease Term: Securely leased to Oaks Group until August 2031 (with further options) Outgoings Covered by Tenant: Owners Corporation admin fund, council rates, water rates, insurance Key Advantages: Strong and consistent rental return (~7% yield) Long-term lease to an established operator Minimal ongoing management required Rare two-bedroom configuration within a hotel investment Ideal for SMSF or income-focused investors

Property Features

    View full listing on Domain

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    Repayment calculator

    $1,405/month
    $703 /fortnight
    Loan $231,910 at 6.10% over 30 years

    Upfront costs

    Deposit$57,978
    Stamp duty$12,463
    Conveyancing (est.)$2,000
    Total upfront$72,441
    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.

    Property Details

    Property Type
    apartment
    Listing Type
    For Sale
    Bedrooms
    2
    Bathrooms
    1
    Listed
    6 days ago

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