1601/318 Queen Street, Melbourne, Vic 3000

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1601/318 Queen Street, Melbourne, Vic 3000-Image

1601/318 Queen Street, Melbourne, Vic 3000

Price Guide$500,000 - $530,000& Offers Welcome

Apartment

Type

Bedrooms

Bathrooms

Published on Tuesday, July 28, 2026 ( See property details for 1601/318 Queen Street, Melbourne, Vic 3000)

Price Guide$500,000 - $530,000& Offers Welcome

View the agent price guide.

William Geng - Real Estate Agent - AMI ESTATE

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, well-appointed two-bedroom apartment on the 16th floor of the prestigious Paragon building, offering luxury amenities and prime CBD living in Melbourne.

🏡 Property Highlights

Elevated 16th-floor position in the prestigious Paragon building
Contemporary two-bedroom apartment with modern amenities
Resort-style facilities including heated pool, spa, sauna, and gym
Prime CBD location close to universities, transport, and amenities
Strong rental appeal with estimated weekly rent of $780
Designed by renowned architects Fender Katsalidis

✨ Key Features

Built in robes
Open-Plan Living
Dishwasher
Water tank
Security Screens / Gates
Floorboards
Gym
Indoor Pool
Security Cameras
European laundry

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne’s CBD offers vibrant city living with easy access to world-class dining, shopping, and entertainment. Key highlights include proximity to major universities like RMIT and Victoria University, excellent public transport options, and a dynamic urban lifestyle. The area boasts beautiful parks, cultural attractions, and a thriving business district, making it ideal for professionals, students, and investors seeking convenience and lifestyle. The neighbourhood’s strong rental demand ensures excellent investment potential in this sought-after location.

Frequently Asked Questions

What are the key features of this apartment?

This apartment features two bedrooms with built-in robes, an open-plan living and dining area, a modern kitchen with stone benchtops and quality appliances, a contemporary bathroom, European laundry, split-system heating and cooling, engineered timber flooring, double-glazed windows, and secure video intercom entry.

What amenities are available within the building?

Residents have access to resort-style facilities including an indoor heated swimming pool, spa, sauna, fully equipped gymnasium, private cinema, library and lounge, private dining areas, a commercial-style kitchen, and a three-storey indoor forest designed by Paul Bangay.

Is this property suitable for investment purposes?

Yes, the property benefits from strong rental demand due to its prime CBD location, proximity to universities and transport, and features that appeal to tenants, making it an excellent investment opportunity.

What to ask about this property to agent?

Are there any upcoming building maintenance or renovation works scheduled for the Paragon building that could incur additional costs? What are the strata or body corporate fees, and what do they cover? Are there any restrictions or easements affecting the property? Has the property been inspected for any structural issues or defects? Are there any planned developments or zoning changes in the vicinity that could impact the property’s value or living environment? Is the property located in a flood or bushfire-prone area? Are there any noise or disturbance issues from nearby construction or traffic? What are the long-term plans for the building’s amenities and facilities? Are there any special levies or upcoming costs associated with the building’s maintenance? Is the property compliant with all local building codes and regulations?

1601/318 Queen Street, Melbourne, Vic 3000 - More Details

Price Guide$500,000 - $530,000& Offers Welcome

Year Built: 2021

Estimated Rent: Approx. $780 per week

Outgoing per annum
O/c fees: Approx. $4,800 per annum
Water rate: Approx. $800 per annum
Council rate: Apporx. $1,400 per annum

Positioned on the 16th floor of the prestigious Paragon building, this contemporary two-bedroom apartment presents an outstanding opportunity for city professionals, students and investors seeking quality, convenience and strong rental appeal in the heart of Melbourne’s CBD.

Designed for effortless inner-city living, the apartment features a well-proportioned open-plan living and dining area, complemented by a sleek modern kitchen with stone benchtops, quality integrated appliances and ample storage.

Both bedrooms include built-in robes and windows providing natural light, while the stylish central bathroom, concealed European laundry and split-system heating and cooling complete this practical and low-maintenance city residence.

Apartment features include:

* Two well-sized bedrooms with built-in robes
* Light-filled open-plan living and dining area
* Modern kitchen with stone benchtops and quality appliances
* Contemporary central bathroom
* European laundry
* Split-system heating and cooling
* Engineered timber flooring
* Double-glazed windows
* Secure video intercom entry
* Elevated 16th-floor position

Designed by renowned architects Fender Katsalidis, Paragon offers residents an exceptional collection of resort-style facilities, including:

* Indoor heated swimming pool, spa and sauna
* Fully equipped gymnasium
* Private cinema
* Residents’ library and lounge
* Private dining and entertaining areas
* Commercial-style residents’ kitchen
* Paul Bangay-designed three-storey indoor forest

The location is difficult to beat. Victoria University, RMIT University and Melbourne Central are all within easy walking distance, while Queen Victoria Market, Flagstaff Gardens, cafés, restaurants, shopping and free tram services are moments from your doorstep.

With major universities, transport connections and Melbourne’s commercial centre nearby, the property benefits from strong and consistent rental demand, making it an attractive addition to an investment portfolio as well as a convenient city home.

Whether you are purchasing your first CBD residence, securing accommodation for university life or looking for a modern investment in a tightly held building, this is an opportunity not to be missed.

Type: Apartment
Bedrooms: 2
Bathrooms: 1
House Size: 59 m²

Price guide

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