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
1503/26 Southgate Av, Southbank1PriceApartmentPrivate Sale19/06/2024Dingle PartnersView
5007/11 Bale Cirt, Southbank2PriceApartmentSold Before Auction18/06/2024CAN Estate AgentsView

Sales data

Median sale price
$810k
Annual price change
-2.9%
Metro Melbourne Comparison
$929k
-7.5%
BedroomsSouthbankMetro comparison
2$829,850$920,000
3-$810,000
4-$965,000
InsightSouthbankMetro comparison
Clearance rate75.3%
Days on market4340

Rental data

Median weekly rent
-
Rental yield
-
Metro Melbourne Comparison
$550
3.1%
BedroomsSouthbankMetro comparison
2-$550
3-$520
4-$575
Median data for the current quarter

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