83/88 Wells Street

Southbank VIC 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 28,054 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 2.35% increase. As at 30 September 2024:

• The median value for Houses in Southbank is $759,187 while the median value for Units is $586,941.
• Houses have a median rent of $675 while Units have a median rent of $652.