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5602/442 Elizabeth Street

Melbourne, VIC 3000, Australia

2 bed 0 bath 0 car

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Photos via the original listing. All photographs remain the property of their respective owners.

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AI Valuation Estimate

$451,200 – $508,800

Based on recent comparable sales in Melbourne

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Carlton Primary School

Zoning

GRZ1 — General Residential Zone

Melbourne Planning Scheme

Public transport

10 stops within 1.5km

Nearest: Melbourne Central/Lonsdale Street (0.5km)

Traffic

High congestion

Significant traffic congestion during morning (7-9am) and evening (4-6pm) peak periods with frequent delays on Elizabeth Street. Weekday traffic is notably heavier than weekends. Access may be restricted during major events or road works.

Flood risk

Medium

Melbourne properties vary significantly by location. Inner-city and riverside suburbs (Southbank, Docklands, Hawthorn, Kew, Abbotsford) experience medium flood risk from Yarra River and Maribyrnong River inundation, particularly during high rainfall events. Most affected properties fall within LSIO or SBO overlays, requiring strict planning compliance and elevated construction standards. Outer suburbs typically face lower risk unless adjacent to creeks or drainage systems.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

above average

Trend: stable

Nearby development

6 projects nearby

Greater Melbourne is experiencing sustained development activity driven by population growth, major infrastructure investment (Metro Tunnel completion), and significant precinct-based urban renewal in inner precincts including Southbank, Fishermens Bend, and Docklands. Middle-ring suburbs are seeing increasing density around transport nodes, with strong residential approval pipelines supported by strategic planning frameworks and improving public transport accessibility.

Heritage

Heritage listed

Melbourne's central and inner suburbs contain one of Australia's most significant concentrations of Victorian and Edwardian heritage architecture, with numerous state and nationally-listed buildings. Many properties fall within heritage conservation areas or character residential overlays that impose strict controls on alterations, demolition, and new development. Heritage restrictions are particularly stringent in the CBD, Southbank, and inner-ring suburbs such as Carlton, Fitzroy, and South Yarra.

Sources: Australian Gov open data + StMate AI

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