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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

1604/245 City Road
Southbank, VIC 3006

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Apartment 2 beds 1 bath 1 car
Listed Date: 17th Jun 2026
Last Updated: 19th Jun 2026
Overview

1604/245 City Road, Southbank VIC 3006

Situated in the heart of Southbank, this stunning two-bedroom, one-bathroom residence at Palladium Tower offers more than just a home – it presents an exclusive lifestyle within an award-winning building. Located on the 16th floor, the apartment features breathtaking views, superior design, and access to world-class amenities, all while being moments away from Melbourne’s iconic city attractions.

Exclusive amenities include The Residents’ Retreat on Levels 40 and 41, which boasts a 60-square metre pool, steam room, and a fully equipped gym, all set against sweeping bay views. The Palladium Terrace and Lounge, with over 400 square metres of indoor and outdoor space, provides an ideal environment for entertaining guests and experiencing true city luxury.

The apartment’s interiors showcase modern elegance, featuring custom joinery, timber veneer cabinetry, and premium appliances. The kitchen is designed with polished finishes and unique mirrored splash backs, combining style and practicality. Attention to detail throughout the space ensures a sophisticated yet comfortable living experience.

With a walk score of 98 out of 100, the location is perfect for those seeking vibrant city living. The CBD is just moments away, with the Queen Victoria Market, Degraves Street, the Arts Precinct, and Melbourne’s laneways all within easy reach. Whether for cultural outings or enjoying the city’s best shopping and dining, everything is at your doorstep.

Southbank’s rental yield averages 5.2%, making this apartment an excellent choice for investors looking to capitalize on Melbourne’s high-demand property market. Experience luxury, location, and lifestyle in this architecturally renowned tower. This exceptional investment opportunity should not be missed.

Prospective purchasers are advised to verify all details independently to ensure accuracy and satisfy themselves with any pertinent matters.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
1604/245 City Road
Southbank VIC 3006
Market Insights for Southbank VIC 3006
New Listings (last 30 days)
8
Average price
$903,750
Lowest price
$500,000
Highest price
$2,725,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.