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
614/152 Sturt St, Southbank1PriceApartmentPrivate Sale22/08/2026Lucas Real Estate
709/31 City Rd, Southbank1PriceApartmentPrivate Sale17/08/2026Barry PlantView
186/183 City Rd, Southbank1PriceApartmentPrivate Sale14/08/2026MICM Real EstateView
147/83 Whiteman St, Southbank1PriceApartmentPrivate Sale12/08/2026MICM Real EstateView
87/99 Whiteman St, Southbank2PriceApartmentExpression of Interest10/08/2026MICM Real EstateView
3106/45 Clarke St, Southbank2PriceApartmentPrivate Sale9/08/2026MICM Real EstateView
1602/250 City Rd, Southbank1PriceApartmentPrivate Sale6/08/2026Dingle PartnersView
1902/80 Clarendon St, Southbank2PriceApartmentPrivate Sale13/08/2026Whitefox Real Estate

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$953k
5.1%
BedroomsSouthbankMetro comparison
2-$950,000
3-$872,000
4-$990,000
InsightSouthbankMetro comparison
Clearance rate68.8%
Days on market4942

Rental data

Median weekly rent
$690
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
BedroomsSouthbankMetro comparison
2-$600
3-$560
4-$600
Median data for the current quarter
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