Martin Modern
Martin Place · D09 · Core central region · Condominium
The median sale at Martin Modern was $2,650,000 — $2,728 psf — across 111 transactions between Nov 2021 and Sept 2026. 99-year lease from 2016.
What it costs per month of lease
A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.
This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.
New sales, sub-sales and resales
A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.
| Kind of sale | Median price | Per sq ft | Sales |
|---|---|---|---|
| Sub-sale | $2,744,444 | $2,654 psf | 22 |
| Resale | $2,445,000 | $2,748 psf | 89 |
Year by year
The median moved up 5 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.
- 2021five sales$2688
- 202218 sales$2647
- 202311 sales$2696
- 202423 sales$2709
- 202528 sales$2762
- 202626 sales$2825
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $2,980,000 | $2,688 psf | 5 |
| 2022 | $2,709,444 | $2,647 psf | 18 |
| 2023 | $2,465,000 | $2,696 psf | 11 |
| 2024 | $2,750,000 | $2,709 psf | 23 |
| 2025 | $2,805,000 | $2,762 psf | 28 |
| 2026 | $2,285,000 | $2,825 psf | 26 |
What it rents for
URA’s median of rental contracts lodged at Martin Modern in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D09
- River Modern · $3,231 psf
- Oue Twin Peaks · $2,244 psf
- Sophia Hills · $2,096 psf
- The Robertson Opus · $3,362 psf
- Kopar At Newton · $2,531 psf
- River Green · $3,132 psf
- Irwell Hill Residences · $2,896 psf
- Parc Emily · $2,035 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.