OFF MARKET

2603e/42-48 Balston St
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 30 Sep 2024
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Property Details for 2603e/42-48 Balston St, Southbank

2603e/42-48 Balston St, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Melbourne

Last Listing description (May 2024)

Stunning Two Bedroom Apartment with a View!!!! Located in the Southbank.

Features include:
- Two Bedrooms with natural light and walk in wardrobes

- Concealed European laundry,
- Sparkling central bathroom with modern vanity
- Reverse cycle heating and cooling throughout
- Security intercom
- Plenty of storage cupboards

Building facilities:
premium resort-style facilities include 24-hour access to a reception desk
- Fully equipped gym
- Outdoor heated pool
- A cinema room
- Common lounge, sun terrace with stunning city views and
- Private meeting/ dining room

Centrally positioned within 2Kms from the CBD, within walking distance to local Train Stations, Bus Stops and Trams. Situated close to The Melbourne City Primary School, Victorian College of the Arts Secondary College and Melbourne Grammar, Royal Botanic Gardens, Melbourne Arts Centre, Hospitals, Local Cafes, Restaurants and local Shopping Centres!!!!!

Property History for 2603e/42-48 Balston St, Southbank, VIC 3006

A timeline of how this property has performed in the market
Listed for Rent
$460/w
19 Apr 2022
  • 04 Dec 2023
    Listed for Sale UNDER CONTRACT
  • 18 Mar 2022
    Listed for Rent $460 / week
  • 28 Feb 2022
    Listed for Sale $550,000-$600,000

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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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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.