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.

Recent Sales & Auction Results in Southbank

Address Price Type Method Sale Date Agent
Property List
2412/283 City Rd, Southbank 1 Apartment Private Sale 01/07/2020 Peter Markovic
2208/63 Whiteman St, Southbank 1 Apartment Private Sale 22/06/2020 MICM Real Estate

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

n/a

Metro Melbourne

$893k

Quarterly Price Change

n/a

Metro Melbourne

3.7%

Median Rent

n/a

Metro Melbourne

$460

Rental Yield

n/a

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 66.7% 73.1%
Days on Market 38 32
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $880,000
3 Bedrooms n/a $750,000
4 Bedrooms n/a $885,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $440
4 Bedrooms n/a $490

Median data for March 2020 Quarter. Click here for details.

Median Sale Price

$585k

Metro Melbourne

$641k

Quarterly Price Change

-0.6%

Metro Melbourne

0.6%

Median Rent

$540

Metro Melbourne

$430

Rental Yield

4.9%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 66.7% 73.1%
Days on Market 38 32
Median price by Bedrooms Suburb Metro
1 Bedroom $380,000 $375,575
2 Bedrooms $597,500 $585,000
3 Bedrooms $895,000 $775,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $440 $375
2 Bedrooms $580 $450
3 Bedrooms $852 $530

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