Profile for Southbank

3006

Southbank on the Yarra River's south side features the bustling Southbank Promenade with cafes, restaurants, shops, hotels, offices, art, and apartments. It's a popular spot for dining, strolling, and cultural attractions like the Melbourne Arts Centre, National Gallery of Victoria, and more. Rapid residential growth has expanded the area, mainly in high-rise apartments including the iconic 300-meter Eureka Tower.

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Recent Sales & Auction Results in Southbank

Address Price Type Method Sale Date Agent
Property List
3101/60 Kavanagh St, Southbank 3 Apartment Private Sale 29/11/2023 MICM Real Estate
1902/133-135 City Rd, Southbank 2 Apartment Private Sale 28/11/2023 Little Real Estate
1306/63 Whiteman St, Southbank 1 Apartment Private Sale 21/11/2023 MICM Real Estate
401/118 Kavanagh St, Southbank 1 Apartment Private Sale 16/11/2023 MICM Real Estate
2403/151 City Rd, Southbank 2 Apartment Private Sale 15/11/2023 MICM Real Estate
1407/118 Kavanagh St, Southbank 1 Apartment Private Sale 10/11/2023 MICM Real Estate
5003/70 Southbank Blvd, Southbank 2 Apartment Private Sale 29/11/2023 Follett & Co.

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$822k

Metro Melbourne

$934k

Annual Price Change

n/a

Metro Melbourne

-12.9%

Median Rent

$575

Metro Melbourne

$530

Rental Yield

3.7%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.9% 75.2%
Days on Market 40 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $824,700 $922,000
3 Bedrooms n/a $825,000
4 Bedrooms n/a $1,000,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $520
3 Bedrooms n/a $500
4 Bedrooms n/a $550

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$586k

Metro Melbourne

$634k

Quarterly Price Change

3.9%

Metro Melbourne

1%

Median Rent

$590

Metro Melbourne

$480

Rental Yield

5.5%

Metro Melbourne

4%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 76.9% 75.2%
Days on Market 40 36
Median price by Bedrooms Suburb Metro
1 Bedroom $380,000 $365,000
2 Bedrooms $600,444 $595,000
3 Bedrooms $865,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $500 $400
2 Bedrooms $650 $495
3 Bedrooms $998 $580

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