6003/500 Elizabeth Street, Melbourne VIC 3000
6003/500 Elizabeth Street, Melbourne VIC 3000
This 3-bedroom, 2-bathroom apartment on Level 60 of Vision Apartments includes a study convertible to a fourth bedroom. Occupying the 60th floor of Melbourne’s 229-metre tower, it offers expansive north-eastern views over Queen Victoria Market. No on-site parking is provided.
The unit’s elevation and size are uncommon in the CBD, where most apartments are smaller and lower. Its position in a landmark tower and direct outlook across the market give it a rare combination of space, light, and urban prestige. This property best serves high-income professionals or empty-nesters for whom parking is secondary to a walkable lifestyle and a commanding address. The convertible study offers flexibility for home offices or guest accommodation.
The absence of parking may narrow the buyer pool, as many premium CBD apartments include at least one space. This constraint could reduce sale price or lengthen marketing time, though the unit’s height and layout might offset that for owner-occupiers seeking a primary residence. Rental yield could be squeezed if tenants with cars are excluded, but short-term or corporate leasing may still perform well given the location and views.
Detailed Independent Property Report prepared by PropCred Analyst team for 6003/500 Elizabeth Street, Melbourne VIC 3000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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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
3
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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