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VIC › Melbourne › St Kilda Rd

U1302, 499 St Kilda Rd, Melbourne VIC 3004

For saleApartment

$860,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $860,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $860,000(Listing record · 30 July 2026)
  • CalculationIf it leased at Melbourne's advertised median rent ($639/wk), implied gross yield would be 3.86% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$860,000

Asking

No recorded sale for this property.

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Total cost to purchase

Purchase Price
$860,000
Stamp Duty (Victoria)
$46,670
Transfer/Registration Fee
$2,117
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$912,487

$52,487 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Melbourne's advertised median rent — not a rent for this listing.

Net yield
2.36%
Annual cashflow (pre-tax)
$-24,392
Interest cover (DSCR)
0.45
Annual rent
$33,228
Operating expenses
$12,900
Loan amount
$688,000
Annual interest
$44,720
Gross yield
3.86%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$860,000available30 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $639/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Melbourne in one glance

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Keep researching

  • Why Melbourne? Read the area thesis →
  • What else is on the market in Melbourne →
  • Other records on St Kilda Rd →

Listing material

Listed by Re-define Real Estate

Luxury Living on Iconic St Kilda Road

Positioned in one of Melbourne's most prestigious boulevards, Re-define Real Estate proudly presents 1302/499 St Kilda Road, Melbourne – a sophisticated two-bedroom, two-bathroom apartment offering the perfect blend of style, comfort and convenience. Boasting a well-designed floorplan, this contemporary residence features light-filled open plan living and dining, a modern kitchen with quality finishes, and seamless access to a private balcony offering views towards Albert Park and Port Phillip Bay, creating the ideal space to relax or entertain. Complete with one secure car space, this home is perfectly suited to owner occupiers, professionals and investors seeking a premium inner-city lifestyle.

Residents of this exceptional building enjoy an impressive range of resort-style amenities designed to enhance everyday living, complemented by the convenience and security of a 24-hour concierge. On the ground floor, indulge in the exclusive Wine Room, enjoy movie nights in the private Cinema Room, or entertain guests in the fully equipped Kitchenette. Level 7 offers outstanding recreational facilities including a fully equipped gym, expansive terrace with bar area, stylish function room, and a luxurious wellness precinct featuring a swimming pool, plunge pool, sauna and steam room. Families will also appreciate the dedicated Kids Playroom, providing something for residents of all ages.

Backing directly onto the picturesque Fawkner Park, this exceptional residence offers a lifestyle of unmatched convenience with easy access to South Yarra, the vibrant cafés, restaurants and boutiques of Chapel Street, Albert Park Lake, the Royal Botanic Gardens, Melbourne CBD and excellent public transport options. Whether you're searching for a stylish city residence or a quality investment in a highly sought-after location, this outstanding apartment presents an exceptional opportunity not to be missed.

Read the full description

Contact Philip Middlemiss from Re-define Real Estate on +61 402 840 674 today to arrange your inspection.

If you own a property in this building and would be interested in a rental or sale appraisal, please let us know. There is no cost nor obligation to you.

Listing description written by Philip Middlemiss, Re-define Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Floorboards
  • Gym
  • Intercom
  • Living Areas: 1
  • In-Ground Pool
  • Secure Parking

Also look at

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  • U301, 469 St Kilda Rd, Melbourne VIC 3004

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.