Southbank is Melbourne's riverside entertainment and arts precinct — a vibrant high-rise suburb where the National Gallery of Victoria, Melbourne Arts Centre, Crown Casino, and the Yarra promenade's restaurants and bars create Australia's highest footfall urban entertainment destination. Its extraordinary density of apartment stock on the CBD's southern doorstep delivers high rental yields from CBD workers, students, and arts sector employees, with the Yarra riverfront lifestyle and Kings Domain parkland providing outstanding outdoor amenity. At the current $900k median house price, an 80% loan at 6.25% over 30 years is about $4,433 per month.
| Median house price | $900,000 |
|---|---|
| Median unit price | $580,000 |
| Estimated monthly repayment | $4,433 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5% |
| Gross rental yield | 4% |
| Typical days on market | 22 |
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