FOR RENT
$720 per week

245 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Available From
Wednesday 26 April 2023| Bond $3,120
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Melbourne city's landmark project - Palladium Tower Apartment

*Please click "Get in touch" on realestate.com.au for inquiries or inspection, do not call or text the phone numbers as those are for emergency only.
*This apartment is not furnished.
*Enquire for inspection.
*To submit an application, please click the "Apply" button on our realestate.com.au advertising.
Nestled in the heart of Southbank, the world-class Palladium Tower is a vertical village packed wrapped in contemporary design. The orthogonal, reflective bronze glass accents provide the illusion that this 51-storey high-rise is reaching for the skies!
The Residents' Retreat on Levels 40 and 41 brings together health and wellbeing facilities with stunning bay views. The retreat includes a spectacular 60-square metre pool, steam room and a large gym fitted with world-class equipment including treadmills, spin bikes and rowing machines. Show guests the true meaning of 'city luxe' from the Palladium Terrace and Lounge. Comprising more than 400-square metres of indoor and outdoor space, it provides the perfect place to entertain.
Palladium Tower is perfectly positioned in the Southbank Precinct, enjoy all of the greatest necessities at arms reach with major supermarkets, markets for fresh food and worldly cuisine just in a 200 metre walk from your front doorstep. It is amongst the exciting hustle and bustle of the city. In a thriving district just minutes from Melbourne's CBD, all you need is within close proximity.

Property Details for 245 City Rd, Southbank

245 City Rd, Southbank is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for rent with Ray White CHK Property Services.

Building Type
Apartment

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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 28,051 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 168 properties listed for sale, and 224 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1278 properties were sold in the past 12 months in Southbank.

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Margaret Lee
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Ray White CHK Property Services
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