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 |
|---|---|---|---|---|---|---|---|
| 75/173 City Rd, Southbank | 1 |  | Apartment | Sold Before Auction | 20/12/2024 | MICM Real Estate | View |
| 1602/70 Southbank Blvd, Southbank | 1 |  | Apartment | Private Sale | 10/12/2024 | Lucas Real Estate |
Sales data
Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$916k
-3.2%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | - | $807,500 |
| 4 | - | $950,000 |
| Insight | Southbank | Metro comparison |
|---|---|---|
| Clearance rate | 42.9% | 73.3% |
| Days on market | 49 | 42 |
Rental data
Median weekly rent
$650
Rental yield
-
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | $700 | $560 |
| 3 | - | $550 |
| 4 | - | $595 |
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