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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
2604/14 Kavanagh St, Southbank3PriceApartmentAuction Sale13/06/2025Ray White Southbank and Port PhillipView
273/100 Kavanagh St, Southbank3PriceApartmentPrivate Sale29/05/2025MICM Real Estate
69/99 Whiteman St, Southbank3PriceApartmentPrivate Sale29/05/2025MICM Real EstateView
2708/63 Whiteman St, Southbank3PriceApartmentPrivate Sale27/05/2025MICM Real EstateView
236/100 Kavanagh St, Southbank1PriceApartmentPrivate Sale21/05/2025MICM Real Estate
123/38 Kavanagh St, Southbank2PriceApartmentPrivate Sale21/05/2025MICM Real EstateView
3510/9 Power St, Southbank2PriceApartmentExpression of Interest21/05/2025MICM Real EstateView
2408/151 City Rd, Southbank2PriceApartmentPrivate Sale20/05/2025MICM Real EstateView
3206/118 Kavanagh St, Southbank2PriceApartmentPrivate Sale15/05/2025MICM Real EstateView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$923k
-2%
BedroomsSouthbankMetro comparison
2-$881,200
3-$810,000
4-$942,350
InsightSouthbankMetro comparison
Clearance rate78.5%
Days on market5642

Rental data

Median weekly rent
$615
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
BedroomsSouthbankMetro comparison
2$680$580
3-$550
4-$600
Median data for the current quarter
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