What is the current median house price in Southbank, VIC?
The median house price in Southbank, VIC 3006 is $720,000 as of 2026. Prices have grown by 8.9% over the past 12 months.
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Core Market Intelligence — May 2026
The median house price in Southbank, VIC 3006 is $720,000 as of 2026. Prices have grown by 8.9% over the past 12 months.
Southbank presents a mixed investment picture that requires careful analysis. Key indicators include positive 12-month capital growth of 8.9%. Investors should consider their strategy (capital growth vs yield) and conduct due diligence on local market conditions before making decisions.
The gross rental yield in Southbank, VIC 3006 is approximately 2.0%, with a median weekly rent of $411. This yield reflects a growth-oriented market where capital gains may offset lower income returns.
Southbank, VIC 3006 has a population of 22,631 with a median age of 31. The median household income is $5,074.