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Southbank
VIC, 3006 - Melbourne

Thinking about buying in Southbank? Now could not be a better time, with 50444 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $814,000 with prices in this suburb ranging from $25,000 to $17,405,000. Southbank is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $439.65
Median Monthly Mortgage $1957.25
Median Persons Per Bedroom 1.00
Average Household Size 2.00
Average Age 32.30
Average Income $1206.75
Average Cars Per Dwelling 0.73
Average Properties Within 50M 1453

Housing Stock

Average Property Prices

1 Bed  $578,000
2 Bed  $770,000
3 Bed  $1,446,000
4 Bed  $3,138,000

Southbank Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Southbank driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Southbank ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Southbank classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Southbank requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Southbank is a suburb within the centre of Melbourne, Victoria. Bordered to the north by the Yarra River, Southbank was formerly primarily populated by industrial developments, but in the early 1990s a major urban renewal program was implemented. Today, Southbank is a metropolis of high-rise accommodation, office space and entertainment, containing Australia’s tallest tower, the Australia 108. This shift has led to Southbank becoming one of the primary business centres within the region of Greater Melbourne, and serves as the site for the headquarters of a number of large corporations. Southbank Promenade is a major centre for entertainment and commerce, as is the Southgate Restaurant and Shopping precinct.

Southbank’s transformation from industrial area to residential hub has been incredibly rapid, leading to an immense rise in population over the past decades, as well as a huge boost to the area’s economy. Located just 1km from the central business district of Melbourne, Southbank is incredibly conveniently located and indeed is seen by many as an extension of the centre of Melbourne following its recent growth and development. The commercial venues, high-end housing and beautiful urban views make Southbank a sought-after suburb full of opportunity.

Units for sale Southbank

Belle Property APARTMENT 1508, 81 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 $500,000 - $550,000
Belle Property UNIT 509, 221 STURT ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 $570,000 - $620,000
Belle Property UNIT 3507, 135 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 $550,000 - $595,000
Belle Property UNIT 5001, 35 QUEENS BRIDGE ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Private Sale - $785,000
Century 21 UNIT 175, 38 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 P.O.A.
Fletchers UNIT 619, FRESHWATER PLACE, 1 QUEENSBRIDGE SQ, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 For Sale Contact Agent
Fletchers UNIT 1408, 135 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 For Sale $289,000
Harcourts UNIT 9302, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds5 Bathrooms6 Parking 4 Sub-penthouse, inspection by appointment
Harcourts UNIT 2010, THE BANK, 283 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 $450,000 - $475,000
Harcourts UNIT 4302, 105 CLARENDON ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 1 $1,180,000 - 1,280,000 All Offers Are Welcomed!
Harcourts UNIT 2101, 241-243 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 $580,000
Harcourts UNIT 3001, 180 CITY RD, SOUTHBANK, VIC, 3006 Beds3 Bathrooms3 Parking 2 Penthouse, inspection by appointment
LJ Hooker UNIT 1503, 241-243 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 On hold
Nelson Alexander UNIT 607, 250 ST KILDA RD, SOUTHBANK, VIC, 3006 Beds3 Bathrooms3 Parking 2 EOI $2,000,000 - $2,200,000
Professionals UNIT 4617, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 $470,000-$515,000
Professionals APARTMENT 1205, 81 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 $599,000 must sell
Professionals UNIT 8606, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 2 $1,590,000-$1,690,000
Ray White UNIT 3106, 63 WHITEMAN ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 1 850000
Ray White UNIT 4701, 35 QUEENS BRIDGE ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 800000
Ray White UNIT 1007, 9 POWER ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 725000
Ray White UNIT 909, 45 HAIG ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 485000
Ray White UNIT 2006, CLARENDON TOWERS, 80 CLARENDON ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 620000
Ray White UNIT 2403, 109 CLARENDON ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 0 380000
Ray White LEVEL 31, UNIT 3106, 283 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 370000
Ray White LEVEL 13, UNIT 1304, 283 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 0 430000
Ray White LEVEL 10, UNIT 1002, 283 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 0 410000
Ray White LEVEL 24, UNIT 2412, 283 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 300000
Ray White UNIT 1205, 241-243 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 0 610000
Ray White UNIT 1903, 58 CLARKE ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 280000
Ray White UNIT 1004, 58 CLARKE ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 0 375000
Ray White UNIT 1208, 180 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 580000
Ray White UNIT 3001, 1 BALSTON ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 1 920000
Ray White UNIT 4407, 1 BALSTON ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 2 800000
Ray White UNIT 276, 183 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 415000
Ray White LEVEL 18, UNIT 184, 173 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 545000
Ray White UNIT 50, RIVERSIDE, 1 RIVERSIDE QY, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 595000
Ray White UNIT 704, 118 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 660000
Ray White UNIT 1506, 151 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 600000
Ray White LEVEL 37, UNIT 3702, 7 RIVERSIDE QY, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 1175000
Ray White UNIT 121, 100 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 2 850000
Ray White UNIT 178, 100 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 400000
Ray White LEVEL 21, UNIT 2104, 7 RIVERSIDE QY, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 700000
Ray White UNIT 6217, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 480000
Ray White UNIT 4918, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 0 590000
Ray White UNIT 4911, 70 SOUTHBANK BVD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 500000
Ray White UNIT 158, 38 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 550000
Ray White UNIT 2204, 61 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 340000
Ray White UNIT 3007, 61 CITY RD, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 490000
Ray White UNIT 99, 28 SOUTHGATE AV, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 410000
Ray White UNIT 707, 221 STURT ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms2 Parking 1 930000
Ray White UNIT 19, 30 MILES ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 635000
Ray White UNIT 9, 68 WELLS ST, SOUTHBANK, VIC, 3006 Beds3 Bathrooms1 Parking 1 915000
Ray White UNIT 1202, 65 COVENTRY ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 390000
Ray White UNIT 905, 70 DORCAS ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 500000
Ray White UNIT 1218, 39 COVENTRY ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 0 340000
Ray White UNIT 1602, 33 COVENTRY ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 355000
Ray White LEVEL 14, UNIT 1401, 22 DORCAS ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 650000
Ray White UNIT 3702, 105 CLARENDON ST, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 0 400000
Ray White UNIT 3206, 61 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Parking 1 325000
Remax OPUS TOWER, 57-61 CITY RD, SOUTHBANK, VIC, 3006 Beds1 Bathrooms1 Contact Agent
Woodards UNIT 6, 86 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 $525,000-$575,000
Woodards UNIT 1807, 14 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 $575,000 - $625,000
Woodards UNIT 8, 161 STURT ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms1 Parking 1 $530,000
Woodards UNIT 805, 14 KAVANAGH ST, SOUTHBANK, VIC, 3006 Beds2 Bathrooms2 Parking 1 Contact Agent

Local Schools

Victorian College Of The Arts Secondary School

South Melbourne Primary School

Hester Hornbrook Academy

Montague Continuing Education Centre

Melbourne Grammar School

Galilee Regional Catholic Primary School

MacRobertson Girls High School

Ozford College

Port Phillip Specialist School

Albert Park Primary School

(While the above schools are located with the suburb of Southbank there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Southbank weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

MelbourneSouth WharfSouth MelbourneDocklandsAlbert ParkEast MelbourneCremorneMiddle ParkCarltonSouth Yarra

Public Transport


General Points of Interest

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