Southbank - between arts, luxury hotels and fine dining
Planning to live or buy a property in Southbank?
With 2 km of Yarra River frontage, Southbank offers a scenic view of the river and the city. Home to Melbourne’s Arts precinct including the National Gallery of Victoria, Hamer Hall, new emerging studios and galleries.
With Flinders Street Station and the free tram zone, Southbank is highly connected with the rest of the city, making this area easily accessible. Walking distance to the heart of the CBD, with close proximity to the Royal Botanic Gardens and the MCG, it’s a good balance between working life and weekend chill-out.
Southbank offers a vast range of riverside restaurants and bars where you can eat outside and enjoy the city and river views.
It is a place to go for after-work drinks and dinner with friends or coworkers, and it’s a very popular choice for weekend entertainment.
House prices
Luxury apartments in the latest high rising towers offer an incredible view of Melbourne's always evolving skyline.
Southbank has 679 properties available for rent and 340 properties for sale. Median property prices over the last year range from $575,000 for houses to $566,000 for units. If you are looking for an investment property, consider houses in Southbank rent out for $393 PW with an annual rental yield of 3.5% and units rent for $410 PW with a rental yield of 3.8%. Based on five years of sales, Southbank has seen a compound growth rate of -9.2% for houses and -1.0% for units*.
Looking for a loan to buy a property in Southbank?
If you are looking to buy a property as your first home, next home, or an investment, we are here to help make your journey smoother with our expert advice. Our local Melbourne brokers know the area well and they can help and guide you through the whole process.
Start your home loan journey today
Book a 10-minute phone meeting with a consultant of your choice at a time that suits you or call our Mortgage Choice Melbourne office on 03 8602 6777!
*Data from realestate.com.au updated in Sept 2021.
