Southbank, VIC 3006

Property data updated 22,631 residents
Last 12 months snapshot
970 sales · 3,269 leases · Refreshed July 2026

Southbank property market

Most of Southbank's activity is unit rentals, with 3,246 leases (down 9.8%) at $705 a week (up 3.7%) as of July 2026, renting out in about 23 days (down from 28 days last year), one of the country's most in-demand unit rental markets, with around half being 2-bedroom.

Unit sales make up a much smaller share, with 960 sales (down 5.1%) at around $546k (down 4.4%), taking about 44 days to sell (up from 36 days last year), with prices weaker than most unit markets, with more than half being 2-bedroom.

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

Southbank demographics & population

Population
22,631
Median age
31yrs
Avg household
1.8people
Male · Female
51% · 49%
Owner-occupied
Renting
Lone person
Couples, no kids
Born overseas
Year 12+

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

The full Southbank report

Unlock the full report

Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.

InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby

One-off

This report

$49once
  • The complete Southbank report
  • 30 days of live access
  • Download as a PDF
  • Months of supply needs the add-on
Best valueMembership

Full access

from$149/mo
  • Unlimited suburb reports
  • Near real-time + 5-year data
  • 50+ dual-metric map views
  • Demand cycle + market velocity
View plans

Already a member? Sign in



Property market