Suburb

Market snapshot

Suburb insights for Southbank3006

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Southbank sits on the Yarra River bank directly adjacent to the CBD and is Melbourne’s premiere arts and entertainment precinct. With attractions like the Arts Centre, Crown Casino, riverside promenades, and high-rise apartments, it caters to tourists, nightlife seekers, and urban professionals. The area also hosts significant office developments and cultural venues.

Recent sales and auction results in Southbank

AddressBedroomsPriceTypeMethodSale DateAgentListing
2612/63 Whiteman St, Southbank2PriceApartmentPrivate Sale7/12/2025MICM Real EstateView
811/152 Sturt St, Southbank1PriceApartmentPrivate Sale28/11/2025MICM Real EstateView
503/163 City Rd, Southbank2PriceApartmentPrivate Sale25/11/2025MICM Real EstateView
1005/180 City Rd, Southbank2PriceApartmentPrivate Sale24/11/2025MICM Real EstateView
1112/63 Whiteman St, Southbank1PriceApartmentPrivate Sale24/11/2025MICM Real Estate
85/22 Kavanagh St, Southbank2PriceApartmentPrivate Sale20/11/2025MICM Real EstateView
806/118 Kavanagh St, Southbank2PriceApartmentPrivate Sale20/11/2025MICM Real EstateView
1308/180 City Rd, Southbank2PriceApartmentPrivate Sale14/11/2025MICM Real EstateView
1007W/48 Balston St, Southbank1PriceApartmentPrivate Sale6/11/2025MICM Real EstateView
701/102 Wells St, Southbank2PriceApartmentPrivate Sale11/12/2025Kay & BurtonView
2310/105 Clarendon St, Southbank1PriceApartmentPrivate Sale3/12/2025Marshall WhiteView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$955k
0.8%
BedroomsSouthbankMetro comparison
2-$910,000
3-$830,000
4-$951,500
InsightSouthbankMetro comparison
Clearance rate52.6%81.4%
Days on market5636

Rental data

Median weekly rent
$660
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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