Market snapshot
Suburb insights for Southbank3006
Change suburbSouthbank 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.
Recent sales and auction results in Southbank
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 907/151 City Rd, Southbank | 1 |  | Apartment | Auction Sale | 27/06/2025 | Lemon Baxter | |
| 187/79 Whiteman St, Southbank | 3 |  | Apartment | Private Sale | 5/06/2025 | MICM Real Estate | |
| 908/180 City Rd, Southbank | 2 |  | Apartment | Private Sale | 1/06/2025 | MICM Real Estate | View |
| 3102/118 Kavanagh St, Southbank | 2 |  | Apartment | Private Sale | 28/05/2025 | MICM Real Estate | |
| 72/120 Sturt St, Southbank | 2 |  | Apartment | Private Sale | 27/05/2025 | MICM Real Estate | View |
| 212/22 Kavanagh St, Southbank | 3 |  | Apartment | Private Sale | 19/05/2025 | MICM Real Estate | View |
Sales data
Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$923k
-2%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | - | $810,000 |
| 4 | - | $942,350 |
| Insight | Southbank | Metro comparison |
|---|---|---|
| Clearance rate | 78.5% | |
| Days on market | 56 | 42 |
Rental data
Median weekly rent
$615
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | $680 | $580 |
| 3 | - | $550 |
| 4 | - | $600 |
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