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
11/38 Wells St, Southbank 2 Apartment Auction Sale 04/05/2024 MICM Real Estate
3304/57-61 City Rd, Southbank 1 Apartment Sold Before Auction 01/05/2024 Ray White Southbank and Port Phillip
311/1 Queensbridge Sq, Southbank 3 Apartment Private Sale 18/04/2024 MICM Real Estate
1813/151 City Rd, Southbank 2 Apartment Private Sale 13/04/2024 Lucas Real Estate
105/88 Kavanagh St, Southbank 3 Apartment Expression of Interest 10/04/2024 MICM Real Estate

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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