Southbank

Southbank

VIC 3006
Southbank is an inner-city suburb located 1 km south of the Melbourne central business district in Victoria, Australia. It is one of the most densely populated areas of Melbourne, known for its high-rise apartment and office buildings. The suburb recorded a population of 22,631 at the 2021 census, with a median age of 31. Originally an industrial area, Southbank underwent urban renewal in the early 1990s, transforming it into a vibrant district filled with high-rise developments. Today, it is home to some of Australia's tallest buildings, including the Australia 108 and Eureka Tower. The area is a major business center, housing the headquarters of notable companies such as Treasury Wine Estates, Crown Resorts, and Incitec Pivot, among others. Southbank offers a diverse range of amenities and entertainment options. The Southbank Promenade and Southgate Restaurant and Shopping Precinct along the Yarra River are popular destinations for dining, shopping, and entertainment. The area is also known for its cultural institutions, including the Victorian Arts Centre and National Gallery of Victoria. With its convenient location near the Melbourne CBD and access to public transport, Southbank offers a vibrant and convenient lifestyle for residents and visitors alike.
AREA
1.564 km2
POPULATION
22,631
OWNER OCCUPIED %
31%
LARGEST AGE GROUP
30-40
MEDIAN MONTHLY MORTGAGE
$1,900
MEDIAN WEEKLY RENT
$680

Southbank Market Trends & Statistics

Recent Median Prices
Previous quarter
Houses
$
Units
2.80%
$550,000
Housing Stock Breakdown
Suburb market composition
37,876
Properties
14.4% Houses (5,455)
85.6% Units (32,421)

Properties for sale in Southbank

Slash Pattern

Rental properties in Southbank

Slash Pattern

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