Profile for Southbank

3006

Southbank is situated on the southern side of the Yarra River and includes Southbank Promenade. The promenade has many cafes, restaurants, shops, upmarket hotels, offices, public art and modern apartments. The variety and spectacular city views make it a popular place for locals and visitors to drink, dine, stroll and watch the occasional street performer. Southbank is an important cultural hub and home to the Melbourne Arts Centre, Hamer Hall, Melbourne Recital Centre, National Gallery of Victoria, Malthouse Theatre, Australian Centre for Contemporary Art and Victorian College of the Arts. Significant and rapid residential development has occurred in Southbank and the population has skyrocketed. The vast majority of residents live in high-rise apartments, the tallest of which is the 300 metre tall Eureka Tower, one of the world's tallest solely residential buildings.

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Recent Sales & Auction Results in Southbank

Address Price Type Method Sale Date Agent
Property List
3/89 Dodds St, Southbank 2 Apartment Auction Sale 12/06/2021 Inner Real Estate NEXTRE
196/83 Whiteman St, Southbank 2 Apartment Expression of Interest 31/05/2021 MICM Real Estate
1704/241 City Rd, Southbank 2 Apartment Private Sale 11/05/2021 MICM Real Estate

Median data for March Quarter 2021. Click here for details.

Median Sale Price

n/a

Metro Melbourne

$1mil

Quarterly Price Change

n/a

Metro Melbourne

8.8%

Median Rent

n/a

Metro Melbourne

$480

Rental Yield

n/a

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 83.8%
Days on Market 50.5 36
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $930,000
3 Bedrooms n/a $810,000
4 Bedrooms n/a $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $450
4 Bedrooms n/a $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$565k

Metro Melbourne

$673k

Quarterly Price Change

-5%

Metro Melbourne

4.8%

Median Rent

$428

Metro Melbourne

$400

Rental Yield

3.9%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 83.8%
Days on Market 50.5 36
Median price by Bedrooms Suburb Metro
1 Bedroom $382,500 $390,000
2 Bedrooms $566,050 $600,000
3 Bedrooms $856,500 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $350 $340
2 Bedrooms $465 $420
3 Bedrooms $650 $525

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