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Sold on 19 Apr 2024 for $520,000

1403/283 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 1403/283 City Rd, Southbank

1403/283 City Rd, Southbank is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Southbank in the last 12 months.

Building Type
Apartment

Last Listing description (April 2024)

Engaging effortlessly with the shimmering vista into Crown's vibrant entertainment precinct and Southbank's acclaimed dining and leisure scene, you'll never want to leave this charismatic two bedroom apartment.

Within The Bank Apartments, this complex provides residents with resort inspired facilities including a fully fitted gym, spa, indoor pool, BBQ alfresco and a concierge in the secure foyer.

Sparkling with white cabinetry and stone surfaces, the kitchen with stainless steel appliances sits at the head of the open-plan living/dining. Floor to ceiling glazing maximises the view inside while the under-cover balcony is a perfect place for after work drinks with friends.

Centrally located near the South Melbourne Market, South Wharf DFO and Citylink, stroll to the arts precinct, cinemas, never-ending dining experiences and the city's dynamic heart.

- Stunning two bedroom abode in The Bank Apartments
- View-filled open-plan living/dining with under-cover balcony
- Stone kitchen with stainless steel appliances
- Master bedroom with dual-access ensuite
- Floor to ceiling glazing
- Dark floorboards
- Split system air-conditioner
- Resident's gym, pool, spa and BBQ alfresco
- Near South Wharf DFO, Citylink and South Melbourne Market

Property History for 1403/283 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$520,000
19 Apr 2024
Listed for Rent
$495/w
30 Jan 2016
  • 05 Apr 2024
    Sold for $520,000
  • 13 Feb 2024
    Listed for Sale $500,000 - $550,000
  • 05 Jan 2016
    Listed for Rent - Price not available
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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 27,861 properties. Over the last 5 years, Houses in Southbank have seen a 24.59% increase in median value, while Units have seen a -1.39% decrease. As at 31 October 2024:

  • The median value for Houses in Southbank is $639,437 while the median value for Units is $576,656.
  • Houses have a median rent of $670 while Units have a median rent of $662.
There are currently 201 properties listed for sale, and 220 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1235 properties were sold in the past 12 months in Southbank.

Suburb Insights for Southbank 3006

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Joo Ming Lim
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Michael Gao
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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.