Scooter LR v2
Postcode 3006
Population 22,631
Suburb Profiles

What’s to love in Southbank

Median Unit price

$545,000

Av days on market

27.5 days

AV Rental per week

$695

Southbank Demographics

Median age

20-39

Population

22,631

Median rent

$680

Household income

$1,750 - $1,999

Dwelling structure
Flat or Apartment
98.21%
Semi-detached or Terrace
1.33%
Other
0.44%
House
0.03%
Home ownership
Rented
67.02%
Owner Mortgage
17.69%
Owned Outright
12.59%
Other
2.70%
Method of travel to work
Car
16.51%
Walk
12.88%
Train
2.94%
Bus
0.42%
Industry of employment
Professionals
38.51%
Managers
15.09%
Clerical and Administrative Workers
12.11%
Community and Personal Service Workers
10.10%

Market Performance

Median sale price
Properties sold
Auction clearance
Av days on market

Median sale price in Southbank

Median sale price for units in Southbank is $545,000, down 2.7% from last year.

Properties sold in Southbank

Properties sold for houses in Southbank is 8, up 60.0% from last year.

Properties sold for units in Southbank is 954, up 5.8% from last year.

Auction clearance in Southbank

Auction clearance for houses in Southbank is 33.3%, down 66.7% from last year.

Auction clearance for units in Southbank is 51.7%, down 0.7% from last year.

Av days on market in Southbank

Av days on market for units in Southbank is 55, down 6.8% from last year.

Sales data supplied by Domain

Environment

Map
List

Latest Articles

Engage a Property Manager After Buying an Investment Property
When Should You Engage a Property Manager After Buying an Investment Property?

There is a common assumption that engaging a property manager is something that happens towards the end of purchasing an investment property.

Read full article
Tenant Transfers why changing a rental agreement comes at a cost v3
Tenant Transfers: Why Changing a Rental Agreement Comes at a Cost

Changing the renters named on a rental agreement can sound relatively simple. One person moves out, another moves in, a partner is added, or one housemate replaces another.

Read full article
If youre constantly chasing your property manager something isnt working
If you’re constantly chasing your property manager, something isn’t working.

Good property management should remove uncertainty, not create more of it.

Read full article
How Much Does a Property Manager Charge
How Much Does a Property Manager Charge?

If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?

Read full article

Melbourne's property market is moving. Find out what your home is worth right now.

Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.

No obligation. No pressure. Just clarity.

Instant Appraisal
Agent Appraisal
Find out what your home is worth instantly
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Book your expert property appraisal
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Find an Agent

All of our agents have the experience and local knowledge to guide you

Book an Appraisal

Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision

Manage my Property

Switch to Woodards Property Management