Melbourne at a glance
74,776
People
No data
Median sale
$639/wk
Median rent
No data
Suburb gross yield
VIC › Melbourne › Elizabeth St
$470,000–$485,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
0
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$470,000–$485,000
Asking range
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
Based on the low end of the asking range, not a contract price.
$28,174 on top of the price (6.0% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Melbourne's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 7.1%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Melbourne at a glance
74,776
People
No data
Median sale
$639/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Elite Real Estate On Elizabeth StreetPositioned in the heart of Melbourne’s CBD, Lighthouse offers exceptional convenience with easy access to some of the city’s most iconic landmarks and amenities, including Melbourne Central, QV, Queen Victoria Market, Emporium, Myer and David Jones. Renowned educational institutions including RMIT University and the University of Melbourne are within easy reach, while an excellent selection of cafes, restaurants and shopping options are just moments away. With a tram stop right at your doorstep, travelling throughout the CBD and surrounding areas is effortless.
Located on the 13th floor of the prestigious Lighthouse building, this contemporary two-bedroom apartment presents an excellent opportunity for investors seeking an established property with secure rental income. Currently leased at $720 per week till 30/06/2027, The rent will be $735 per week from 01/07/2027 till 30/06/2029, the apartment provides immediate income with the benefit of a long-term tenancy already in place.
The contemporary kitchen is equipped with stainless-steel appliances, gas cooktop, stone benchtop, mirrored splashback and generous storage, combining functionality with sleek modern design. The open-plan living and dining area offers a comfortable and practical layout and seamlessly connects to the enclosed winter garden balcony through floor-to-ceiling sliding glass doors, providing additional usable living space throughout the year.
Both spacious bedrooms feature floor-to-ceiling windows and mirrored built-in robes. The central bathroom is beautifully appointed with a fully tiled shower, mirrored vanity and ample storage.
Additional features include a Euro laundry, reverse-cycle air conditioning to the living area and bedroom, and intercom system. Residents also enjoy access to premium building facilities including a swimming pool, spa, sauna, gym, private dining room and entertainment spaces. Optional car space is available for purchase, subject to availability.
With a prime CBD location, excellent building facilities and a secure lease at $720 per week until June 2029, this is an attractive opportunity for investors looking for immediate rental income and a well-positioned Melbourne CBD property.
Contact us today for further information or to arrange an inspection.
Disclaimer: The photos and floor plans provided are for reference purposes only. Buyers should conduct their own due diligence and verify all information before making a purchase decision. Any staging or virtual staging shown is for illustrative purposes only and is not included in the sale.
Listing description written by David Ye, Elite Real Estate On Elizabeth Street — reproduced as published, not verified by Districts.
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