News & Research

Commercial Market Update - Melbourne Units Cityscope March 2021

Sales recorded for Melbourne Units Cityscope for the three months to February 2021 totalled $516.5 million from 718 sales, an increase compared to the $495.3 million from 648 sales recorded to November 2020, and the $133.2 million from 224 sales recorded for the quarter to August 2020. This quarter’s data includes the new strata buildings of Tower A and Tower B at the West Side Place development.

The latest data brings the twelve-month sales total close to $1.291 billion, a decrease from the previous twelve months, which recorded sales of close to $1.599 billion.

The table below shows sales recorded for the past eight updates of Melbourne Units Cityscope.

Some notable sales featured in the February 2021 update of Melbourne Units Cityscope include:

  • Unit 5402 in Collins House at 464-466 Collins Street, Melbourne, a 3-bedroom apartment with two bathrooms and north-east and south-east aspects, total area 224 sqm and two shared car stacker space on levels 4 and 5, located on level 54 of a 60-storey mixed use tower, with private dining and lounge, gym, outdoor deck and bar for the residents and 70 car parking spaces, which was bought for $3.45 million through agent In2realty;
  • Unit 3506 in Collins Arch at 433-455 Collins Street, Melbourne, a north and east facing 3-bedroom residential apartment with two balconies with a total area of 218 sqm and two car spaces and storage areas, all on basement level 5, located on level 35 in the West Tower, a mixed-use development with a twin-tower, comprising 49,000 sqm of office space, 202 apartments and a 5-star hotel with 294 rooms known as the W Hotel, which was bought off the plan for just under $3.187 million; and
  • Unit 3808 in Collins Arch at 433-455 Collins Street, Mebourne, an east and south facing apartment with a terrace on level 38 in the West Tower plus a car space and storage area on basement level 4, which was bought for $3.1 million.


CoreLogic Australia

CoreLogic Australia

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