Market snapshot

Suburb insights for Southbank3006

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Southbank on the Yarra River's south side features the bustling Southbank Promenade with cafes, restaurants, shops, hotels, offices, art, and apartments. It's a popular spot for dining, strolling, and cultural attractions like the Melbourne Arts Centre, National Gallery of Victoria, and more. Rapid residential growth has expanded the area, mainly in high-rise apartments including the iconic 300-meter Eureka Tower.

Recent sales and auction results in Southbank

AddressBedroomsPriceTypeMethodSale DateAgentListing
312/88 Kavanagh St, Southbank2PriceApartmentPrivate Sale17/07/2024Lucas Real Estate
2201/152 Sturt St, SouthbankPriceApartmentPrivate Sale17/07/2024McGrathView
3304/45 Clarke St, Southbank2PriceApartmentPrivate Sale15/07/2024Dingle PartnersView
3908/7 Riverside Quay, Southbank2PriceApartmentExpression of Interest5/07/2024MICM Real EstateView
2507/118 Kavanagh St, Southbank1PriceApartmentPrivate Sale27/06/2024MICM Real EstateView
813/1 Queensbridge Sq, Southbank2PriceUnitPrivate Sale26/06/2024Kay & BurtonView
1002/60 Kavanagh St, Southbank2PriceApartmentPrivate Sale18/06/2024MICM Real Estate
510/250 City Rd, Southbank1PriceApartmentPrivate Sale14/06/2024MICM Real EstateView
1113/180 City Rd, Southbank2PriceApartmentPrivate Sale30/06/2024MICM Real EstateView
1904/241 City Rd, Southbank2PriceApartmentPrivate Sale28/06/2024MICM Real EstateView

Sales data

Median sale price
$810k
Annual price change
-0.9%
Metro Melbourne Comparison
$912k
-4.3%
BedroomsSouthbankMetro comparison
2$829,850$902,500
3-$810,000
4-$955,000
InsightSouthbankMetro comparison
Clearance rate57.9%73.8%
Days on market4642

Rental data

Median weekly rent
$650
Rental yield
4.2%
Metro Melbourne Comparison
$560
3.2%
BedroomsSouthbankMetro comparison
2-$550
3-$540
4-$580
Median data for the current quarter
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