Verve 501
483 Swanston Street, Melbourne VIC 3000
- 154 m tall · #49 in Melbourne
- 45 floors
- 293 homes
- 4 businesses
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 ↗ |
| Lease space | — | — | realcommercial.com.au ↗commercialrealestate.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
20 years standing
- 2006Completed
- TodayStill standing
3 building permits · 1 news storyFull timeline ↓
About Verve 501
Verve 501 is an apartment tower on Swanston Street in Melbourne, with 45 floors above ground and 293 homes. It stands 159 m to the top. Developed by PDG Corporation, designed by Urban Design Architects and built by L.U. Simon Builders, it was completed in 2006.
At a glance
Key facts
- Building type
- 🏬 Mixed use
- Completed
- 2006
- Construction started
- 2004 Unconfirmed ?We don't have data to 100% confirm this data point as yet.
- Height
- 159 m to the top
154 m Unconfirmed ?We don't have data to 100% confirm this data point as yet. to the roof
#49 of 1596 in Melbourne - Floors
- 45
- Footprint
- 3,917 m²
- Homes
- 293
- Architect
- Urban Design Architects
- Builder
- L.U. Simon Builders
- Businesses
- 4
- Car spaces
- —
- Strata plan
- PS512424 · 293 lots
- Planning zone
- CCZ1
- Permits on record
- 3
Score cards
State Library Station 2 min walk · 9 tram stops within 400 m
73 cafés, 9 grocers, 3 medical within 250 m
79 street trees within 150 m · park 288 m away
11,890 people pass daily nearby · 27 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
The building team
The people and companies behind the design, construction and management of Verve 501.
Location & neighbourhood
Getting around
Train station2 min · 139 m
Train station3 min · 260 m
Tram stop1 min · 93 m
Tram stop3 min · 208 m
Tram stop3 min · 209 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).
Prices 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.
Businesses in Verve 501
4 businesses recorded in the City of Melbourne's latest business census.
Melcorp Property
Nisa's Thai Street Food
Tokyo Plaza
Xiangli Cuisine
Looking for space in Verve 501?
Timeline
Everything that has happened at Verve 501: 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 designDDO70Design 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
- PS512424
- Lots on the plan
- 293
- Owners corporation
- Not recorded
- Building permits on record
- 3
- Estimated cost of works
- About $192k
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 Verve 501 in public forums and groups, and reviews left here.
MELBOURNE: Verve 501 / Milano
Melbourne city forum thread on the Verve 501 and Milano towers, placed alongside other city high-rise developments.
PROJECT : Verve 501 & Milano Apartments
Enthusiast thread following the Verve 501 and Milano twin towers on Swanston Street from proposal through to completion.
483 Swanston St, Melbourne (Verve Apts) - Real Estate
Whirlpool real estate thread about the Verve Apartments at 483 Swanston Street, from a renter's or buyer's perspective.
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 & tenant reviews
No reviews of Verve 501 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 Verve 501
Frequently asked questions
Is Verve 501 residential or commercial?
Verve 501 mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.
When was Verve 501 built?
Verve 501 was completed in 2006.
How many floors does Verve 501 have?
Verve 501 has 45 floors above ground.
How many apartments are in Verve 501?
Verve 501 has 293 homes. The national address file lists 294 unit addresses here, and some of those can be shops or offices.
What do apartments cost near Verve 501?
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.
What businesses are in Verve 501?
The latest council census counted 4 businesses in Verve 501, including Melcorp Property, Nisa's Thai Street Food and Tokyo Plaza.
Are there apartments for sale or rent in Verve 501?
See the residential listings on this page, or use the shortcuts to search 483 Swanston Street on realestate.com.au and Domain.
Is there office or retail space for lease in Verve 501?
See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.
Who designed and built Verve 501?
PDG Corporation developed Verve 501, Urban Design Architects designed it and L.U. Simon Builders built it. The building team section has the sources.
How tall is Verve 501?
About 154 metres, measured from the City of Melbourne's 3D building model. It's number 49 of 1596 buildings in Melbourne by height.
What public transport is near Verve 501?
State Library Station is the nearest train station, about 2 minutes' walk. The nearest tram stop is RMIT University/Swanston St #7, about 1 minute's walk.
What is the planning zone for Verve 501?
The site is in the Capital City Zone - Schedule 1 (CCZ1).
Does Verve 501 have an owners corporation?
Plan of subdivision PS512424 has 293 lots.
Has any work been done on Verve 501 recently?
The City of Melbourne has issued 3 building permits for Verve 501 since 2010. The most recent was in May 2015.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Verve 501 | Mixed use | — | 45 | 2006 |
| Milano Apartments | Commercial | 0 m | 37 | 2007 |
| Franklin Lofts | Mixed use | 102 m | 32 | 2001 |
| ZEN Tower | Residential | 96 m | 49 | 2011 |
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 business establishments (CC BY 4.0), CLUE residential dwellings (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.