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
111/102 Wells St, Southbank 1 Apartment Auction Sale 23/03/2024 Ray White Southbank and Port Phillip
7408/70 Southbank Blvd, Southbank 3 Apartment Sold Before Auction 13/03/2024 CAN Estate Agents
1605/8 Kavanagh St, Southbank 2 Unit Private Sale 08/03/2024 Core Realty
910/180 City Rd, Southbank 1 Apartment Private Sale 02/03/2024 MICM Real Estate
1401/1 Balston St, Southbank 3 Apartment Private Sale 27/02/2024 MICM Real Estate
3906/60 Kavanagh St, Southbank 1 Apartment Private Sale 27/02/2024 MICM Real Estate
2609/283 City Rd, Southbank 2 Apartment Private Sale 22/02/2024 MICM Real Estate
3705/241 City Rd, Southbank 2 Apartment Private Sale 20/02/2024 MICM Real Estate
1305/8 Kavanagh St, Southbank 2 Apartment Private Sale 29/02/2024 Core Realty
1906/163 City Rd, Southbank 2 Apartment Private Sale 28/02/2024 MICM Real Estate
1607/22 Dorcas St, Southbank 2 Unit Private Sale 19/02/2024 Belle Property St Kilda
2103/109 Clarendon St, Southbank 2 Unit Private Sale 03/02/2024 Inner Real Estate NEXTRE

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

Median Sale Price

$815k

Metro Melbourne

$930k

Annual Price Change

n/a

Metro Melbourne

-10.6%

Median Rent

$650

Metro Melbourne

$550

Rental Yield

4.1%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 69.2% 72.5%
Days on Market 42 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $824,700 $920,000
3 Bedrooms n/a $815,000
4 Bedrooms n/a $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $540
3 Bedrooms n/a $500
4 Bedrooms n/a $560

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

Median Sale Price

$620k

Metro Melbourne

$633k

Quarterly Price Change

5.6%

Metro Melbourne

-0.1%

Median Rent

$600

Metro Melbourne

$500

Rental Yield

5.4%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 69.2% 72.5%
Days on Market 42 40
Median price by Bedrooms Suburb Metro
1 Bedroom $385,000 $370,000
2 Bedrooms $611,800 $600,000
3 Bedrooms $900,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $500 $420
2 Bedrooms $650 $520
3 Bedrooms $1,000 $600

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