Suburb

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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
68 Coventry St, Southbank3PriceTownhousePassed in at Auction5/09/2025Ray White Southbank and Port PhillipView
704/250 St Kilda Rd, Southbank3PriceApartmentPassed in at Auction5/09/2025Ray White Southbank and Port PhillipView
805/163 City Rd, Southbank2PriceApartmentPrivate Sale28/08/2025MICM Real EstateView
68/83 Whiteman St, Southbank2PriceApartmentPrivate Sale28/08/2025MICM Real Estate
1307/18 Hoff Blvd, Southbank1PriceApartmentPrivate Sale26/08/2025MICM Real EstateView
3605/1 Balston St, Southbank2PriceApartmentPrivate Sale25/08/2025MICM Real EstateView
2204/152 Sturt St, Southbank2PriceApartmentPrivate Sale25/08/2025McGrathView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$924k
-0.6%
BedroomsSouthbankMetro comparison
2-$890,000
3-$815,000
4-$950,000
InsightSouthbankMetro comparison
Clearance rate100%79.5%
Days on market5939

Rental data

Median weekly rent
$640
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
BedroomsSouthbankMetro comparison
2$660$580
3-$550
4-$600
Median data for the current quarter
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