2807/500 Elizabeth Street, Melbourne VIC 3000
2807/500 Elizabeth Street, Melbourne VIC 3000
This 2-bedroom, 2-bathroom apartment on Level 28 of a modern CBD tower offers 61 square metres of well-configured living space. Features include stone benchtops, gas cooking, split-system climate control, and a private balcony. No parking is provided. The property sits within a flood overlay area, a factor to note.
The high-floor position is considered a rarity in this segment, offering separation from street noise and likely city views. The modern finishes and open-plan layout create a light-filled, low-maintenance interior that suits buyers prioritising central convenience. Located within walking distance to Melbourne Central, Queen Victoria Market, RMIT, and Flagstaff Gardens, this unit serves best as a city base for young professionals, downsizers, or investors targeting strong rental demand in the CBD core. The configuration-two bedrooms each with built-in robes and a master ensuite-makes it practical for couples or flatmates. Its suburban positioning is defined by ultimate accessibility rather than space or parking.
The flood overlay detected on the property may influence insurance premiums or future redevelopment risk, though its effect on an existing high-rise unit is typically limited. The lack of parking might narrow the buyer pool to those without cars, but for many in this location it is offset by proximity to transit and amenities. The internal area of 61 square metres places this unit on the smaller side for a two-bedroom, which could affect price comparisons with larger newer builds. Split-system heating and cooling and secure building access are standard; no standout premium features beyond the high floor are evident.
Detailed Independent Property Report prepared by PropCred Analyst team for 2807/500 Elizabeth Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Melbourne’s core is defined by its unparalleled lifestyle proximity and tightening supply, attracting a broad buyer pool of owner-occupiers, downsizers, and investors. Sustained demand is driven by urban renewal, low vacancy rates, and robust sales activity, supporting solid price growth. Future prospects are underpinned by scarcity and gentrification, though affordability pressures and an easing of supply tightness present emerging headwinds for the market’s resilience.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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