Southbank Suburb ProfileVictoria 3006
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Southbank has 30,003 properties. Over the last 5 years, Houses in Southbank have seen a -50.41% decrease in median value, while Units have seen a 2.63% increase. As at 30 November 2025:
- The median value for Houses in Southbank is $750,597 while the median value for Units is $556,793.
- Houses have a median rent of $680 while Units have a median rent of $680.
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.
Market Insights
Southbank Trends for Houses
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Southbank Trends for Units
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Neighbourhood Insights
Age
Population 22631
0-9
5%
10-19
3%
20-29
35%
30-39
31%
40-49
11%
50-59
6%
60-69
5%
70-79
3%
80-89
1%
Household Structure
Occupancy
Recent Sales in SOUTHBANK 3006
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0Properties for sale in SOUTHBANK 3006
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0Properties for rent in SOUTHBANK 3006
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Last Updated: 08/12/2025
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