SOLD
Sold on 13 Jun 2024 for $460,000

606/163 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 1446m2
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Property Details for 606/163 City Rd, Southbank

606/163 City Rd, Southbank is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 1446m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Southbank in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
74m2
Land Size
1446m2
Local Government
Melbourne
Lot/Plan
606A/PS440926

Last Listing description (September 2024)

An expression of modern style and sophistication, this newly renovated Southbank apartment sets an exceptional standard in The Summit complex with its streamlined interior, exemplary communal facilities and brilliant location where you can simply stroll to riverfront restaurants, Crown Casino and Entertainment, South Melbourne Market and a wealth of city attractions.

Two bedrooms with mirrored built-in-robes
Brilliant bathroom/laundry with shower, bath and toilet

Black granite kitchen equipped with stainless steel appliances
Spacious open plan layout encompassing living and dining
Under cover balcony with glass balustrade.
Split system heating and air conditioning and intercom entry
Secure basement car space
Resident recreation facilities, including heated pool and gym
Stroll to Crown Casino, Arts Centre and Royal Botanic Gardens
Enjoy a night out at riverside restaurants, cafes and bars
Close to Melbourne CBD and transport options

Property History for 606/163 City Rd, Southbank, VIC 3006

A timeline of how this property has performed in the market
Last Sold
$460,000
13 Jun 2024
Listed for Rent
$530/w
30 May 2018
  • 11 Sep 2024
    Listed for Rent $650 / week
  • 13 Jun 2024
    Sold for $460,000
  • 01 Mar 2024
    Listed for Sale Contact Agent
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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 168 properties listed for sale, and 230 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1285 properties were sold in the past 12 months in Southbank.

Suburb Insights for Southbank 3006

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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.