Melbourne CBD sees increasing number of sky-high apartments listings: HTW residential

Melbourne CBD sees increasing number of sky-high apartments listings: HTW residential
Melbourne CBD sees increasing number of sky-high apartments listings: HTW residential

Whilst the Melbourne city centre has experienced an increase in the number of high-rise apartments over the past few years, developers are always looking for new ways to improve city living for residents, according to the latest Herron Todd White (HTW) residential report. 

The report notes there are many apartments available on the market today, including off the plan developments.

"The median Melbourne apartment price ranges between $340,000 for a one-bedroom apartment and $840,000 for a three-bedroom apartment with the potential to generate rent of $450 per week to $910 per week respectively," the report said. 

Highlighted below are the city centre’s highest priced sale to date and highest current rental listing.

 Melbourne CBD sees increasing number of sky-high apartments listings: HTW residential

The highest priced sale was 1901/35 Spring Street, Melbourne (pictured above).

It was sold for $14.75 million in May.

The apartment consists five bedroom, four bathroom, and six car space. 

Located at the Paris end of the city, 35 Spring Street is known as one of Melbourne’s high-calibre buildings.

"With a modern luxury design, residents can enjoy the many features and amenities this property has to offer yet still be in the hustle and bustle of the core of the city with its renowned retail, restaurant and entertainment culture," the valuation firm said. 

Melbourne CBD sees increasing number of sky-high apartments listings: HTW residential

The highest rental listing in the Melbourne CBD is 101/51 Spring Street, Melbourne (pictured above).

The apartment with three bedroom, two bathroom, and two car space has been listed for $3,300 per week.

 Overlooking the treelines of the Treasury Gardens, this mansion-like apartment is one of the Melbourne CBD’s most prized apartments.

"Taking up an entire level, this luxury dwelling features a family library, wine cellar and voluminous living spaces which can be used for formal and informal entertainment areas. This is the ultimate family home as there is something for everyone," the valuation firm said. 

Tags: 
Melbourne CBD Prestige Market

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