Martin No 38
Martin Road · D09 · Core central region · Apartment
The median sale at Martin No 38 was $2,950,000 — $2,553 psf — across 32 transactions between Nov 2021 and Oct 2026. Freehold.
What it costs per month of lease
Martin No 38 is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.
Year by year
Too few sales in one or both ends of the window to quote a change, so the years are given as they are.
- 2021three sales$2477
- 2022five sales$2522
- 2023five sales$2539
- 2024four sales$2679
- 2025seven sales$2660
- 2026eight sales$2688
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $2,675,000 | $2,477 psf | 3 |
| 2022 | $2,850,000 | $2,522 psf | 5 |
| 2023 | $4,100,000 | $2,539 psf | 5 |
| 2024 | $2,819,000 | $2,679 psf | 4 |
| 2025 | $3,110,000 | $2,660 psf | 7 |
| 2026 | $3,037,500 | $2,688 psf | 8 |
What it rents for
URA’s median of rental contracts lodged at Martin No 38 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
- Martin Modern · $2,728 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
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.