Suburb

Market snapshot

Suburb insights for Southbank3006

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Southbank sits on the Yarra River bank directly adjacent to the CBD and is Melbourne’s premiere arts and entertainment precinct. With attractions like the Arts Centre, Crown Casino, riverside promenades, and high-rise apartments, it caters to tourists, nightlife seekers, and urban professionals. The area also hosts significant office developments and cultural venues.

Recent sales and auction results in Southbank

AddressBedroomsPriceTypeMethodSale DateAgentListing
502/63 Haig St, Southbank1PriceApartmentAuction Sale24/10/2025Ray White Southbank and Port PhillipView
2306/50 Haig St, Southbank2PriceApartmentAuction Sale24/10/2025Lemon Baxter
3207/241 City Rd, Southbank2PriceApartmentPrivate Sale16/10/2025MICM Real EstateView
3910/81 City Rd, Southbank3PriceApartmentPrivate Sale16/10/2025MICM Real EstateView
1002/60 Dorcas St, Southbank2PriceApartmentPrivate Sale16/10/2025MICM Real EstateView
6318/70 Southbank Blvd, Southbank2PriceApartmentPrivate Sale16/10/2025MICM Real EstateView
137/100 Kavanagh St, Southbank2PriceApartmentPrivate Sale14/10/2025MICM Real Estate
3212/151 City Rd, Southbank2PriceApartmentPrivate Sale12/10/2025MICM Real EstateView
3105/118 Kavanagh St, Southbank2PriceApartmentPrivate Sale12/10/2025MICM Real EstateView
1810/8 Dorcas St, Southbank2PriceApartmentPrivate Sale28/09/2025Kay & BurtonView

Sales data

Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$955k
0.8%
BedroomsSouthbankMetro comparison
2-$910,000
3-$830,000
4-$951,500
InsightSouthbankMetro comparison
Clearance rate52.6%81.4%
Days on market5636

Rental data

Median weekly rent
$660
Rental yield
-
Metro Melbourne Comparison
$580
3.3%
BedroomsSouthbankMetro comparison
2$680$580
3-$550
4-$600
Median data for the current quarter

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