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
282/173 City Rd, Southbank2PriceApartmentPrivate Sale4/05/2026MICM Real EstateView
2606/180 City Rd, Southbank2PriceApartmentPrivate Sale3/05/2026MICM Real EstateView
1510/1 Balston St, Southbank1PriceApartmentPrivate Sale23/04/2026MICM Real EstateView
3214/81 City Rd, Southbank1PriceApartmentPrivate Sale22/04/2026MICM Real Estate
1106/241 City Rd, Southbank2PriceApartmentPrivate Sale21/04/2026MICM Real EstateView
3102/45 Clarke St, Southbank2PriceApartmentPrivate Sale20/04/2026MICM Real Estate
1301/25 Coventry St, Southbank2PriceApartmentPrivate Sale6/05/2026MREView
5006/70 Southbank Blvd, Southbank2PriceApartmentPrivate Sale4/05/2026Barry PlantView
4802/7 Riverside Quay, Southbank2PriceApartmentPrivate Sale1/05/2026Belle Property Albert ParkView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$992k
4.9%
BedroomsSouthbankMetro comparison
2-$950,000
3-$863,000
4-$980,500
InsightSouthbankMetro comparison
Clearance rate80%74.9%
Days on market4937

Rental data

Median weekly rent
$690
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsSouthbankMetro comparison
2-$595
3-$550
4-$595
Median data for the current quarter
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