Paragon
318 Queen Street, Melbourne VIC 3000
- 166 m tall · #40 in Melbourne
- 48 floors
- 227 homes
- 20 car spaces
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Buy | — | Unit median $545,000 | realestate.com.au ↗domain.com.au ↗ |
| Rent | — | 1-bed median $560/wk | realestate.com.au ↗domain.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
5 years standing
Built in 3 yrs
- 2011Planning application
- Jun 2018Construction started
- By Jun 2021Completed
- TodayStill standing
14 building permits · 7 news storiesFull timeline ↓
About Paragon
Paragon is a 48-storey apartment tower with 227 homes, standing 167 metres to its top. It is a residential building, listed in the council census as a residential apartment. Developed by Beulah International, designed by Fender Katsalidis and built by Multiplex, it was completed in 2021.
At a glance
Key facts
- Building type
- 🏠 Residential
- Completed
- 2021
- Construction started
- 2018 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Height
- 167 m
#40 of 1596 in Melbourne - Floors
- 48
- Footprint
- 615 m²
- Homes
- 227
- Architect
- Fender Katsalidis
- Builder
- Multiplex
- Car spaces
- 20
- Strata plan
- PS637192 · 228 lots
- Planning zone
- CCZ1
- Permits on record
- 14
Score cards
Melbourne Central Station 4 min walk · 5 tram stops within 400 m
105 cafés, 7 grocers, 0 medical within 250 m
91 street trees within 150 m · park 278 m away
22,525 people pass daily nearby · 41 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
Apartments
From the council's development record, so the built numbers may differ a little.
🚗 20 residential car spaces recorded at this property, about 0.1 per home. Which apartments have a space isn't recorded, so check the listing.
City of Melbourne Development Activity Monitor and off-street car parks, CC BY 4.0.
The building team
The people and companies behind the design, construction and management of Paragon.
Location & neighbourhood
Getting around
Train station4 min · 314 m
Train station4 min · 323 m
Tram stop2 min · 143 m
Tram stop3 min · 201 m
Tram stop3 min · 230 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Melbourne (CBD)
ABS Census 2016 via City of Melbourne (CC BY).
Being built nearby
48-50 A'Beckett Street43 floors · 357 m awayapprovedPrices and rents around here
Suburb and area medians, not this building's prices.
Prices: Victorian Property Sales Report, © State of Victoria (Department of Transport and Planning), CC BY 4.0.
Median weekly rents for new leases, CBD-St Kilda Rd
| Apartment | Median rent | Change in a year | Trend since Mar 2016 | New leases |
|---|---|---|---|---|
| 1 bedroom | $560/wk | +1.8% | 6,274 in the year to Sep 2025 | |
| 2 bedroom | $735/wk | +2.1% | 6,605 in the year to Sep 2025 | |
| 3 bedroom | $1050/wk | -4.5% | 737 in the year to Sep 2025 |
Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.
Timeline
Everything that has happened at Paragon: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO10Design and Development Overlay: limits on building height, setbacks and designPO1Parking Overlay: controls on how much car parking new development can provideVicmap Planning, © State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.
Subdivision & permits
- Plan of subdivision
- PS637192
- Lots on the plan
- 228
- Owners corporation
- Not recorded
- Building permits on record
- 14
- Estimated cost of works
- About $109.8m
Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.
History of the site
How it's been recorded over time
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about Paragon in public forums and groups, and reviews left here.
Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.
Resident reviews
No reviews of Paragon yet. Be the first to tell future neighbours what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review Paragon
Frequently asked questions
Is Paragon residential or commercial?
Paragon is a residential building. The City of Melbourne lists its main use as residential apartment.
When was Paragon built?
Paragon was completed in 2021.
How many floors does Paragon have?
Paragon has 48 floors above ground.
How many apartments are in Paragon?
Paragon has 227 homes. The national address file lists 229 unit addresses here, and some of those can be shops or offices.
What size apartments are in Paragon?
The City of Melbourne's development record lists 33 1 bed, 170 2 bed and 24 3+ bed apartments. The built numbers may differ a little.
Does Paragon have parking?
The City of Melbourne records 20 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
What do apartments cost near Paragon?
The median unit price in Melbourne was $545,000 in 2025, from the Victorian Property Sales Report. That's for the whole suburb, not this building.
Are there apartments for sale or rent in Paragon?
See the residential listings on this page, or use the shortcuts to search 318 Queen Street on realestate.com.au and Domain.
Who designed and built Paragon?
Beulah International developed Paragon, Fender Katsalidis designed it and Multiplex built it. The building team section has the sources.
How tall is Paragon?
About 166 metres, measured from the City of Melbourne's 3D building model. It's number 40 of 1596 buildings in Melbourne by height.
What public transport is near Paragon?
Melbourne Central Station is the nearest train station, about 4 minutes' walk. The nearest tram stop is Melbourne Central Station/La Trobe St #5, about 2 minutes' walk.
What is the planning zone for Paragon?
The site is in the Capital City Zone - Schedule 1 (CCZ1).
Does Paragon have an owners corporation?
Plan of subdivision PS637192 has 228 lots.
Have any parts of the Paragon site been sold?
Yes. In February 2026, office levels at the former Celtic Club site, the Paragon base, were sold.
Has any work been done on Paragon recently?
The City of Melbourne has issued 14 building permits for Paragon since 2003. The most recent was in February 2023.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Paragon | Residential | — | 48 | 2021 |
| La Trobe Tower | Mixed use | 48 m | 43 | 2016 |
| Centro Apartments | Mixed use | 58 m | 13 | 1968 |
| Republic Tower | Mixed use | 63 m | 36 | 1999 |
| The Carlson | Mixed use | 63 m | 35 | 2016 |
| KTS House | Commercial | 91 m | 21 | 1990 |
That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), CLUE residential dwellings (CC BY 4.0), Development Activity Monitor (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details © Google Maps.