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
4104/151 City Rd, Southbank3PriceApartmentPrivate Sale28/05/2026Barry PlantView
3105/241 City Rd, Southbank2PriceApartmentPrivate Sale21/05/2026Lucas Real Estate
2010/118 Kavanagh St, Southbank2PriceApartmentPrivate Sale19/05/2026MICM Real EstateView
3212/60 Kavanagh St, Southbank2PriceApartmentPrivate Sale16/05/2026MICM Real Estate
1505/152 Sturt St, Southbank2PriceApartmentPrivate Sale14/05/2026Belle Property South Yarra
2404/81 City Rd, Southbank2PriceApartmentPrivate Sale5/05/2026MICM Real EstateView
506/250 City Rd, Southbank2PriceApartmentPrivate Sale24/05/2026Barry PlantView
1609/241 City Rd, Southbank2PriceApartmentPrivate Sale27/04/2026MICM Real EstateView

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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