Market snapshot
Suburb insights for Southbank3006
Change suburbSouthbank 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
Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
---|---|---|---|---|---|---|---|
312/88 Kavanagh St, Southbank | 2 | Apartment | Private Sale | 17/07/2024 | Lucas Real Estate | ||
2201/152 Sturt St, Southbank | Apartment | Private Sale | 17/07/2024 | McGrath | View | ||
3304/45 Clarke St, Southbank | 2 | Apartment | Private Sale | 15/07/2024 | Dingle Partners | View | |
3908/7 Riverside Quay, Southbank | 2 | Apartment | Expression of Interest | 5/07/2024 | MICM Real Estate | View | |
2507/118 Kavanagh St, Southbank | 1 | Apartment | Private Sale | 27/06/2024 | MICM Real Estate | View | |
813/1 Queensbridge Sq, Southbank | 2 | Unit | Private Sale | 26/06/2024 | Kay & Burton | View | |
1002/60 Kavanagh St, Southbank | 2 | Apartment | Private Sale | 18/06/2024 | MICM Real Estate | ||
510/250 City Rd, Southbank | 1 | Apartment | Private Sale | 14/06/2024 | MICM Real Estate | View | |
1113/180 City Rd, Southbank | 2 | Apartment | Private Sale | 30/06/2024 | MICM Real Estate | View | |
1904/241 City Rd, Southbank | 2 | Apartment | Private Sale | 28/06/2024 | MICM Real Estate | View |
Sales data
Median sale price
$810k
Annual price change
-0.9%
Metro Melbourne Comparison
$912k
-4.3%
Bedrooms | Southbank | Metro comparison |
---|---|---|
2 | $829,850 | $902,500 |
3 | - | $810,000 |
4 | - | $955,000 |
Insight | Southbank | Metro comparison |
---|---|---|
Clearance rate | 57.9% | 73.8% |
Days on market | 46 | 42 |
Rental data
Median weekly rent
$650
Rental yield
4.2%
Metro Melbourne Comparison
$560
3.2%
Bedrooms | Southbank | Metro comparison |
---|---|---|
2 | - | $550 |
3 | - | $540 |
4 | - | $580 |
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