Southbank, VIC 3006 (1.04 km to CBD)
Closest Train Station: Flinders Street Station 0.52 km
Surrounding Suburbs: Docklands 3008 Melbourne 3000 South Wharf 3006 Port Melbourne 3207 South Melbourne 3205
Selected Demographics of Southbank
- $718,000 Median House Price
- $599,444 Median Unit Price
- 1088 Number of House
- 18827 Number of Unit
- 4101 Number of People
- 29 Median Age
- 1.9 Median Household Size
- $496 Weekly Rent
- $983 Weekly Individual Income
- $2,230 Weekly Family Income
- $1,837 Weekly Household Income
Suburb Location
More Recent Sold in Southbank
| Address | Sold Date | Price |
|---|---|---|
| 8/1 Riverside Quay, Southbank VIC | 23 Apr 2024 | $0 |
| 2705/151 City Road, Southbank VIC | 23 Apr 2024 | $630,000 |
| 1105/105 Clarendon Street, Southbank VIC | 23 Apr 2024 | $455,000 |
| 1004/45 Clarke Street, Southbank VIC | 22 Apr 2024 | $575,000 |
| 105/88 Kavanagh Street, Southbank VIC | 22 Apr 2024 | $930,000 |
More Recent Rent in Southbank
| Address | Rent Date | Price |
|---|---|---|
| 1510/151 City Road, Southbank VIC | 26 Mar 2024 | $500 |
| 2406/151 City Road, Southbank VIC | 26 Mar 2024 | $720 |
| 914/70 Dorcas Street, Southbank VIC | 26 Mar 2024 | $490 |
| 4506/45 Clarke Street, (4506/263 City & Lot 320P), Southbank VIC | 26 Mar 2024 | $700 |
| 1110/43 Hancock Street, Southbank VIC | 26 Mar 2024 | $775 |
Rent Yield in Southbank
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 1 | $418,205 | $550 | 6.84% | $400,000 | $550 | 7.15% | 553 |
| 2 | $612,000 | $714 | 6.07% | $593,000 | $700 | 6.14% | 860 |
| 3 | $1,334,284 | $1,156 | 4.51% | $969,000 | $1,000 | 5.37% | 165 |
| 4 | $1,947,500 | - | - | $1,947,500 | - | - | 2 |
| 8 | $23,000,000 | - | - | $23,000,000 | - | - | 1 |
| House | |||||||
| 1 | $330,000 | $480 | 7.56% | $330,000 | $480 | 7.56% | 3 |
| 2 | $487,500 | - | - | $487,500 | - | - | 2 |
| Unit/apmt | |||||||
| 1 | $411,382 | $549 | 6.94% | $395,000 | $550 | 7.24% | 235 |
| 2 | $611,011 | $710 | 6.04% | $594,000 | $700 | 6.13% | 384 |
| 3 | $1,182,000 | $1,201 | 5.28% | $890,000 | $1,000 | 5.84% | 69 |
| 8 | $23,000,000 | - | - | $23,000,000 | - | - | 1 |
| Apartment | |||||||
| 1 | $399,154 | $551 | 7.18% | $409,000 | $540 | 6.87% | 202 |
| 2 | $555,148 | $712 | 6.67% | $559,000 | $720 | 6.70% | 275 |
| 3 | $773,167 | $1,013 | 6.81% | $775,000 | $1,000 | 6.71% | 53 |
| 4 | $1,800,000 | - | - | $1,800,000 | - | - | 1 |
| Other | |||||||
| 1 | $526,000 | $534 | 5.28% | $499,000 | $518 | 5.40% | 23 |
| 2 | $656,125 | $716 | 5.67% | $587,500 | $680 | 6.02% | 55 |
| 3 | $2,445,167 | $1,144 | 2.43% | $2,375,000 | $1,050 | 2.30% | 14 |
| Unknown | |||||||
| 1 | $416,977 | $553 | 6.90% | $399,500 | $550 | 7.16% | 90 |
| 2 | $650,262 | $727 | 5.81% | $625,000 | $700 | 5.82% | 144 |
| 3 | $1,464,056 | $1,641 | 5.83% | $1,414,000 | $1,250 | 4.60% | 29 |
| 4 | $2,095,000 | - | - | $2,095,000 | - | - | 1 |
Schools in Southbank
| School Name | School Sector | School Type |
|---|---|---|
| VICTORIAN COLLEGE OF THE ARTS Secondary School | Non-government | Secondary |
Leading Agents (Sale)
| Agent Name | Percentage |
|---|---|
| MICM Property - Southbank | 40% |
| Hocking Stuart - (Albert Park) Pty Ltd | 7% |
| Dingle Partners - Melbourne | 6% |
| Barry Plant - Docklands | 3% |
| iProperty - Melbourne | 3% |
| Buxton - Albert Park | 2% |
| Hayden Real Estate - Melbourne | 2% |
| Fletchers - South Melbourne & City Residential | 2% |
| Professionals City Residential - Melbourne | 2% |
| Biggin & Scott Melbourne Residential - MELBOURNE | 2% |
Leading Agents (Rent)
| Agent Name | Percentage |
|---|---|
| MICM Property - Southbank | 26% |
| Corporate Keys Australia - Port Melbourne | 8% |
| Ray White - Southbank | 4% |
| Dingle Partners - Melbourne | 4% |
| Parktrent Properties Group - Prahran | 2% |
| Hayden Real Estate - Melbourne | 2% |
| Little Residential | 1% |
| GPS Property Pty Ltd - Southbank | 1% |
| Buxton - Albert Park | 1% |
| RUN Property - Hawthorn/Richmond | 1% |
Crime Rate of Melbourne
| Crime Type | Rate of MELBOURNE | Rate of VIC |
| Crime Against Property | 17,493 | 4,607 |
| Crime Against the Person | 3,456 | 940 |
| Drug Offences | 1,506 | 311 |
| Other Crime | 5,129 | 875 |
| Total | 27,584 | 6,733 |
Demographics of Southbank
| PopulationSize | Southbank | Melbourne |
| All People | 4101 | 3366613 |
| Country of Origin | Southbank | Melbourne |
| Australian Born | 52% | 65% |
| Born Overseas - Top 5 | Southbank | Melbourne |
| Indonesia | 13% | 0% |
| United Kingdom | 6% | 5% |
| New Zealand | 5% | 1% |
| Malaysia | 4% | 1% |
| China | 3% | 1% |
| Median household income | Southbank | Melbourne |
| Weekly income | $1,838 | $1,333 |
| Age Statistics | Southbank | Melbourne |
| 20 to 39 | 55% | 33% |
| 40 to 59 | 23% | 28% |
| 5 to 19 | 13% | 14% |
| 60+ | 7% | 17% |
| 0 to 4 | 3% | 7% |
| Family Statistics - Top 5 | Southbank | Melbourne |
| Never Married | 53% | 33% |
| Married | 36% | 51% |
| Divorced | 5% | 7% |
| Separated | 4% | 3% |
| Widowed | 2% | 6% |
| Religion - Top 5 | Southbank | Melbourne |
| Catholic | 29% | 33% |
| No Religion | 24% | 19% |
| Anglican | 14% | 16% |
| Buddhism | 8% | 4% |
| Uniting Church | 6% | 5% |
| Occupation - Top 5 | Southbank | Melbourne |
| Professionals | 21% | 8% |
| Managers and Administrators | 10% | 4% |
| Intermediate Clerical/Sales/Service | 10% | 7% |
| Associate Professional | 9% | 5% |
| Advanced Clerical and Service Workers | 5% | 2% |
| Education - Top 5 | Southbank | Melbourne |
| Not Attending (Working) | 70% | 73% |
| University or other Tertiary Institution | 20% | 5% |
| Technical or Further Education | 4% | 3% |
| Secondary Education | 3% | 7% |
| Other Education | 2% | 1% |
| Transport to Work - Top 5 | Southbank | Melbourne |
| Car (driver) | 24% | 28% |
| Walked | 15% | 1% |
| Ferry/tram | 6% | 1% |
| Car (passenger) | 3% | 3% |
| Taxi | 2% | 0% |
| Type of Dwelling - Top 3 | Southbank | Melbourne |
| Flat | 85% | 14% |
| Semi/Terrace | 2% | 8% |
| Separate house | 1% | 74% |
| Nature of Occupancy - Top 3 | Southbank | Melbourne |
| Rented | 66% | 24% |
| Fully Owned | 13% | 43% |
| Purchasing | 8% | 27% |
| Monthly Loan Repayment - Top 5 | Southbank | Melbourne |
| $1,500+ | 34% | 9% |
| $1,200-$1,399 | 21% | 7% |
| $1,000-$1,199 | 21% | 13% |
Based on Australian Bureau of Statistics data
