Beta

Southbank

  • There are around 22,645 residents living in Southbank
  • Most residents are other, with 40% aged 19-30 years old
  • Majority of homes are apartments lived in by renters
Southbank Area Boundary Map

Property price trends

These median prices may indicate the common property values in this area and how they have changed over the last 4 years. Source: CoreLogic

$2,599,099

House median sale price

30% Decline

L

ast 12 months

$536,327

Unit median sale price

5% Decline

L

ast 12 months

Median price trend

This could show if the area is improving, suggesting future growth, or declining which may offer short-term buying opportunities.

Showing the trend for house prices over the last 4 years. Source: CoreLogic

Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

74 Days

House median days on market

42 Days

Unit median days on market

587 Properties

Sold in last 12 months

317 Properties

Available in the last month

Suburb snapshot

Last month Southbank had 317 properties on sale, with 587 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $2,599,099, which has decreased by 30%. The median sale price for units has been around $536,327 and has decreased by 5%. If you are looking to rent or are interested in purchasing an investment property, the median weekly rent for a house in Southbank is around $750 and has increased by 8% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $690 and has increased by 3%.

There are around 22,645 residents living in Southbank. They are predominantly made up of other, living in apartments with the majority being renters. The most common occupations for locals are clerical and administrative workers, community and personal service workers, and labourers. Southbank also has a number of primary and secondary schools nearby, including South Melbourne Primary School (primary) and Victorian College Of The Arts Secondary School (secondary).

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Southbank residents

Key characteristics of the residents in the area, open the breakdown to see more detail for each category.

19-30

Is the most common age range

Renters

Most common occupant type

Other

Most common household profile

Professionals

Most common occupation

Apartments

Most common property type

Occupant status

This may indicate the likelihood of long term residence as owners are less likely to move. The most common are renters.

12,734

Total properties

Renters

(64%)

Mortgaged Owners

(17%)

Outright Owners

(12%)

Other

(7%)

Community Housing

(0%)

Property types

This may indicate the likelihood of you finding your ideal property type in the area. The most common are apartments.

17,812

Total properties

Apartments

(98%)

Townhouses

(1%)

Other

(0%)

Detached Houses

(0%)

Age ranges

This may indicate what stage of life these residents are at. The most common is 19-30.

19-30

31-40

41-50

51-60

60+

Under 18

Household profiles

This may indicate likelihood of noise, activity or community events based on who lives here. The most common profile is other.

Couples

Families

Lone Parents

Other

Singles

Individual yearly income

This may indicate the affluence of individuals in the area. The average income band is $35k - $78k per year.

18,227

individuals

$35k - $78k

(40%)

$0k - $34k

(20%)

$104k - $182k

(18%)

$79k - $103k

(16%)

$182k+

(6%)

Occupations

The top 5 occupations in Southbank.

1

Professionals

2

Managers

3

Clerical and Administrative Workers

4

Community and Personal Service Workers

5

Technicians and Trades Workers
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Nearby education

Schooling and educational options in the area, for all ages.

South Melbourne Primary School

K - Yr 6

Government

Get a wider view

Widen your research to learn about the council or state that Southbank belongs to.

Melbourne

View the council data

Victoria

Get a view of the whole state

Explore surrounding suburbs

Learn about neighbouring suburbs to see if they are better suited to your budget or lifestyle.

Median House: $2,173,802

Median Unit: $573,954

Median House: $1,946,350

Median Unit: $424,386

Median House: $2,028,665

Median Unit: $652,969

Median House: $1,801,647

Median Unit: $649,264

Median House: N/A

Median Unit: $1,092,083

Helpful links

Explore properties for sale in Southbank, helpful guides and tools to help you plan your next move.