408/118 Kavanagh St, Southbank is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
* Photos are virtually staged.
Elevated to perfection over neighbouring parkland, this sun-filled 1 bedroom apartment is a superb showcase of exceptional market entry and investment potential. Footsteps from Boyd Community Hub and Library, walk to South Melbourne Market, Crown, the Arts Precinct, riverfront restaurants and a full-line Woolworths supermarket directly across the road.
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 28,049 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 5.53% increase. As at 31 July 2024:
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