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
318/1 Freshwater Pl, Southbank 2 Apartment Passed in at Auction 11/05/2024 Create Vic
48/99 Whiteman St, Southbank 2 Apartment Private Sale 26/04/2024 MICM Real Estate
3009/118 Kavanagh St, Southbank 2 Apartment Private Sale 24/04/2024 MICM Real Estate
3101/109-117 Clarendon St, Southbank 1 Apartment Private Sale 17/04/2024 Ironfish Real Estate - Melbourne
1905/241 City Rd, Southbank 2 Apartment Private Sale 01/04/2024 MICM Real Estate
415/250 St Kilda Rd, Southbank 2 Apartment Private Sale 06/05/2024 Marshall White & Co
700/118 Kavanagh St, Southbank 3 Apartment Private Sale 23/04/2024 MICM Real Estate
3307/18 Hoff Blvd, Southbank 1 Unit Private Sale 18/04/2024 Melbourne Square Property
304/70 Dorcas St, Southbank 2 Unit Private Sale 02/04/2024 BigginScott

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$810k

Metro Melbourne

$925k

Annual Price Change

-2.9%

Metro Melbourne

-7.5%

Median Rent

n/a

Metro Melbourne

$550

Rental Yield

n/a

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 43 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $829,850 $920,000
3 Bedrooms n/a $810,000
4 Bedrooms n/a $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $550
3 Bedrooms n/a $520
4 Bedrooms n/a $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$595k

Metro Melbourne

$635k

Quarterly Price Change

-4%

Metro Melbourne

0.3%

Median Rent

$620

Metro Melbourne

$520

Rental Yield

5.5%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 43 40
Median price by Bedrooms Suburb Metro
1 Bedroom $390,000 $370,000
2 Bedrooms $620,000 $600,000
3 Bedrooms $920,020 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $525 $450
2 Bedrooms $680 $540
3 Bedrooms $1,100 $620

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