Market snapshot
Suburb insights for Southbank3006
Change suburbSouthbank 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 118/28 Southgate Av, Southbank | 2 |  | Apartment | Private Sale | 14/04/2026 | MICM Real Estate | View |
| 1402/81 City Rd, Southbank | 1 |  | Apartment | Private Sale | 9/04/2026 | MICM Real Estate | View |
| 2504/201 Normanby Rd, Southbank | 1 |  | Apartment | Private Sale | 24/03/2026 | Ironfish Real Estate - Melbourne | View |
| 5504/70 Southbank Blvd, Southbank | 2 |  | Apartment | Private Sale | 30/04/2026 | RT Edgar Boroondara | |
| 306/250 St Kilda Rd, Southbank | 1 | | Apartment | Private Sale | 14/04/2026 | Kay & Burton | View |
Sales data
Median sale price
-
Annual price change
-
Metro Melbourne Comparison
$992k
4.9%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | - | $863,000 |
| 4 | - | $980,500 |
| Insight | Southbank | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 74.9% |
| Days on market | 49 | 37 |
Rental data
Median weekly rent
$690
Rental yield
-
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Southbank | Metro comparison |
|---|---|---|
| 2 | - | $595 |
| 3 | - | $550 |
| 4 | - | $595 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.