Southbank, VIC 3006

Southbank, VIC 3006

Compare Part of Melbourne

1.04 km
Distance from CBD
5 k
Population

Auction Times

Sat 7 Oct
 Auction Time Agency
198/83 Whiteman Street
2 1 1 Apartment
10:00 AM
Sat 7th Oct		 Ray White
Median Sale Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$575,000
 0.0% $461,000 $862,500 4
2010
$620,000
 +7.3% $350,000 $920,000 4
2011
$500,000
 -24.0% $500,000 $500,000 1
2012
-
 - - - -
2013
$386,000
 -29.5% $386,000 $770,000 4
2014
$1,320,000
 +70.8% $335,000 $1,320,000 2
2015
$1,145,000
 -15.3% $295,000 $1,200,000 4
2016
$1,220,000
 +6.1% $725,000 $1,220,000 2
2017
$470,000
 -159.6% $367,000 $1,365,000 3
2018
-
 - - - -
2019
$990,000
 +52.5% $895,000 $4,500,000 5
2020
-
 - - - -
2021
-
 - - - -
2022
$762,000
 -29.9% $380,000 $1,650,000 4
2023
$816,500
 +6.7% $547,000 $4,259,000 33
Median Sale Price
$817K
Based on 34 recorded sales within the last 12 months
Updated on 28 Sep 2023
Suburb Growth
+6.7%
Current Median Price: $816,500
Previous Median Price: $762,000
Based on 37 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2023)
Price Range Segments (12 months ending Aug 2023)
Median Weekly Rent Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$520
 0.0% $340 $650 10
2012
$650
 +20.0% $380 $1,600 14
2013
$575
 -13.0% $370 $1,850 15
2014
$480
 -19.8% $45 $850 13
2015
$500
 +4.0% $50 $1,250 46
2016
$500
 0.0% $50 $1,100 30
2017
$550
 +9.1% $310 $950 32
2018
$600
 +8.3% $290 $2,500 30
2019
$545
 -10.1% $400 $2,800 15
2020
$550
 +0.9% $300 $2,800 54
2021
$425
 -29.4% $40 $1,100 53
2022
$550
 +22.7% $290 $1,100 59
2023
$600
 +8.3% $230 $1,000 27
Median Rent Price
$600
per week
Based on 38 recorded rent within the last 12 months
Updated on 28 Sep 2023
Rent Price Growth
+12.5%
Current Median Rent: $600
Previous Median Rent: $525
Based on 99 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $816,500
Current Median rent: $600
Based on 72 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2023)

Auction Results For Southbank

Houses sold in Last 12 months ends 23 Sep 2023

$876K

Median Sale Price

100%

Clearance Rate

1/1

Sold/Reported

$876K

Highest Sale Price

Sold Price Range No. of Sold Properties
$800 K - $1 M
(Median Price Range)		 1

Schools closest to Southbank, VIC 3006

School name Address Type Sector Distance
Victorian College Of The Arts Secondary SchoolTop 50 57 MILES STREETSouthbank 3006 Secondary Government 0.63 km
Eltham College of Education City CampusTop 100 Melbourne 3000 Combined Independent 0.98 km
Melbourne Grammar School DOMAIN ROADMelbourne 3004 Combined Independent 1.46 km
Ozford College LEVELS 2 AND 5, 123 LONSDALE STREETMelbourne 3000 Secondary Independent 1.59 km
MacRobertson Girls High SchoolTop 5 350-370 KINGS WAYMelbourne 3004 Secondary Government 1.62 km
Galilee Regional Catholic Primary School MONTAGUE STREET & BANK STREETSouth Melbourne 3205 Primary Catholic 1.73 km
Melbourne Girls' Grammar School - an Anglican SchoolTop 20 82 ANDERSON STSouth Yarra 3141 Combined Independent 1.98 km
Academy of Mary ImmaculateTop 100 88 NICHOLSON STFitzroy 3065 Secondary Catholic 2.32 km
Albert Park Primary School BRIDPORT STREETAlbert Park 3206 Primary Government 2.37 km