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Investment Property Southbank, vic, 3006

Suburb Snapshot

Southbank is a suburb in the Melbourne Region of Victoria. Southbank has a population of 18,709 people and 47.94% of its occupants live in rental accommodation. The median listing price for houses is NA and this has changed NA over the past year and changed NA over 2 years.

The median rent in Southbank for houses is $500 per week and the median rental yield is NA. Stock on the market for houses/townhouses has changed 57.14% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $570,000 and this has changed 0.00% over the past year. The average unit takes 230 days to sell and the median rent for a unit in Southbank is $430 per week, producing a rental yield of 3.92%.

Supply & Demand in Southbank, Melbourne

9.38%

Current vacancy rate


1,589

Rental stock available


18,709

Population


47.94%

Rental population


9.41%

Current vacancy rate


11,126

Rental stock available


135,965

Population


52.20%

Rental population


1.83%

Current vacancy rate


52,436

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Southbank, Melbourne

  House Townhouses Units
Median listing price NA NA $570,000
Median price change - last quarter NA NA -0.88%
Median price change - 1 year NA NA 0.00%
Median price change -2 years NA NA 1.78%
  House Townhouses Units
Median weekly rent $500 NA $430
Median yield % NA NA 3.92%
Median rent change - 1 year -7.41% NA -24.57%
  House Units
Previous month sales 0 24
Stock on market previous month 11 444
Stock variance vs. last year 57.14% 21.31%
Average days on market NA 230

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