4907/245 City Rd, Southbank, VIC 3006 | Apartment for sale | OnTheHouse
 
FOR SALE
For Sale $580,000 - $630,000

4907/245 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 61m2
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Stunning Apartment at Palladium Tower - Resort-Style Living in the Heart of Southbank

Perched high on the 49th floor of the iconic Palladium Tower, this beautifully designed two-bedroom, one-bathroom corner apartment offers luxurious, low-maintenance living with breathtaking panoramic views of the city skyline and Yarra River.
Step into a spacious, light-filled open-plan living and dining area featuring floor-to-ceiling windows and stylish timber flooring. The modern kitchen is equipped with high-end, fully integrated stainless steel appliances, a gas cooktop, soft-closing cabinetry, and sleek stone benchtops, ideal for entertaining in style.
Both generously sized bedrooms include mirrored built-in wardrobes and are serviced by a fully tiled central bathroom, complete with mirrored cabinetry. Enjoy year-round comfort with ducted air conditioning and heating throughout the apartment.
Residents enjoy exclusive access to the 'Residents' Retreat' located on levels 40 and 41. These state-of-the-art wellness and leisure facilities include: A spectacular 60-square-metre indoor swimming pool, steam room and sauna, fully equipped gym with treadmills, spin bikes, and rowing machines, Sky Lounge with breathtaking bay views and 24-hour concierge for your peace of mind.
Situated in the vibrant heart of Southbank, you'll be just moments from Melbourne's top attractions including Crown Entertainment Complex, South Melbourne Market, The Arts Precinct, Flinders Street Station, CBD and tram for easy transport. Metro Woolworths, located on the ground floor, along with a café and fresh produce store, makes everyday shopping incredibly convenient.
Live in one of Melbourne's most awarded buildings, home to one of the city's highest indoor pools and one of the world's largest vertical gardens.
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Property Details for 4907/245 City Rd, Southbank

4907/245 City Rd, Southbank is a 2 bedroom, 1 bathroom Apartment. The property has a floor size of 61m2. The place is currently for sale with Ray White CRE.

Building Type
Apartment
Floor Size
61m2
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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2016 was 18709 people. By 2021 the population was 22631 showing a population growth of 21.0% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation.In 2021, 30.30% of the homes in Southbank were owner-occupied compared with 33.80% in 2016.

Southbank has 30,009 properties. Over the last 5 years, Houses in Southbank have seen a -59.95% decrease in median value, while Units have seen a 2.99% increase. As at 31 October 2025:

  • The median value for Houses in Southbank is $561,449 while the median value for Units is $557,103.
  • Houses have a median rent of $670 while Units have a median rent of $680.
There are currently 165 properties listed for sale, and 155 properties listed for rent in Southbank on OnTheHouse. According to Cotality's data, 1372 properties were sold in the past 12 months in Southbank.

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Elli Blanco
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Preston Bacon
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Ray White CRE
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