With a capital gain of 20.93% for the last 12 months, Southbank, 3006 has performed for property investments than its average annual 5.83% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Southbank has given property investors a paper return of 11.77%. This puts Suburb as 144 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Southbank is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 200th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 33.50 sales per month, which equates to 402 per year.
With the median price for a house in Southbank being $540000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.32%
![]()
Information supplied by:
October 2018
M
O
W
E
Vacancies being filled
Postcode: 3006
Median unit price: $555,000
Vacancy rate: 11.4%
Three-year growth: 1.5%
Southbank has not had an excellent reputation of late, but it remains favoured by many residents, including renters.
The average vacancy rate fell from 11.4% in July 2017 to 9.8% after 12 months, suggesting that the $550 average weekly rent rate is not affecting tenant demand. Moreover, investors enjoy considerable yields of 5.2% on average. The cash flow gained suggests that investments here could pay off very well and that the stock on market can be effectively filled.
This inner-city Melbourne suburb has experienced a strong inflow of high-rise apartments, given that it’s one of the city’s most populated areas. Southbank is regarded as one of Greater Melbourne’s main business hubs, and is home to many major firms. Southbank is served by a shopping precinct on the river that is also home to Southgate Restaurant.