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Location

Market Insights for Southbank VIC 3006

New Listings (last 30 days)

Average price

$745,000

Lowest price

$300,000

Highest price

$1,900,000

601/250 City Road, Southbank VIC 3006

CONTACT AGENT

Search Band

$400k - $450k Medium Confidence Calculated based on our search observations.

Apartment 2 beds 1 bath

Listed: yesterday

Overview

Set in the dynamic and sought-after precinct of Southbank, this apartment offers effortless access to Melbourne's premier attractions and central business district. With proximity to the Crown Entertainment Precinct and South Melbourne Market, residents can enjoy a diverse range of shopping, dining, and entertainment options just moments from home.

The apartment is characterized by its expansive floor-to-ceiling windows, bathing living spaces in natural light and framing sweeping views of the city and Yarra River. This feature not only enhances the aesthetic appeal but also creates an airy and inviting atmosphere ideal for relaxation or hosting guests.

The modern kitchen is thoughtfully designed with stone bench tops and top-tier appliances, including a dishwasher and microwave, facilitating culinary pursuits and easy meal preparation. Complementary conveniences such as air conditioning and a clothes dryer further elevate comfort and functionality.

Finished in a sophisticated dark color scheme, the unit combines style with practicality, suggesting a tailored space for those who appreciate contemporary urban living. This property is well-suited for professionals, investors, or anyone looking for a stylish city base with strong rental appeal.

Local Market Insights

In Southbank, Quiet Listings observed 40 new apartments entering the market over the last 30 days, down from 51 during the previous 30-day period, with an average advertised asking price of $745,000. The property type mix of listed properties is predominantly Apartments at 98%, followed by commercial properties (2%). The most active agency for apartments in the Southbank area is currently Ray White, representing 33% of new listings, followed by Melcorp Real Estate with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.