SOLD
Sold on 31 May 2024 for $900,000

161/173 City Road
Southbank VIC 3006

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 108m2
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Property Details for 161/173 City Rd, Southbank

161/173 City Rd, Southbank is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
108m2
Local Government
Melbourne
Lot/Plan
161/PS504942

Last Listing description (September 2024)

Experience elevated city living in this stunning 3-bedroom, 2-bathroom apartment, perfectly positioned on the corner of Melbourne Tower's 16th floor. Offering sweeping views of the Yarra River and Docklands skyline, this immaculate home provides a blend of luxury and convenience.

Step into spacious open-plan living and dining areas, complemented by a modern kitchen featuring stainless-steel appliances and a granite-topped breakfast bar. The northwest-facing balcony, ideal for entertaining, showcases panoramic views of the river and skyline.

The three light-filled bedrooms, all with built-in robes, are thoughtfully designed for privacy, with the master suite boasting a walk-in closet and private ensuite. The main bathroom includes a shower-over-bath setup, perfect for family living. Additional highlights include concealed laundry, ducted heating and cooling, and two secure undercover parking spaces.

Residents of Melbourne Tower enjoy access to premium amenities, including a concierge service, indoor pool, tennis court, and fully equipped gym. Located just moments from Boyd Community Hub, Crown Casino, Southgate, the Arts Precinct, and riverfront dining, this apartment offers the best of Melbourne living.

Available in 6 months, 9 months, or 12 months lease terms.

Property History for 161/173 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$900,000
31 May 2024
Listed for Rent
$950/w
09 Sep 2024
  • 02 Aug 2024
    Listed for Rent $950 / week
  • 31 May 2024
    Sold for $900,000
  • 22 Mar 2021
    Listed for Rent $560 / week
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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 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% 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 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 28,055 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 6.86% increase. As at 31 August 2024:

  • The median value for Houses in Southbank is $993,145 while the median value for Units is $602,583.
  • Houses have a median rent of $656 while Units have a median rent of $650.
There are currently 169 properties listed for sale, and 228 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1277 properties were sold in the past 12 months in Southbank.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.