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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 $615 per week and the median rental yield is NA. Stock on the market for houses/townhouses has changed -68.75% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $596,500 and this has changed -2.22% over the past year. The average unit takes 169 days to sell and the median rent for a unit in Southbank is $610 per week, producing a rental yield of 5.31%.

Supply & Demand in Southbank, Melbourne

3.54%

Current vacancy rate


646

Rental stock available


18,709

Population


47.94%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

Rental population


0.93%

Current vacancy rate


28,886

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 $596,500
Median price change - last quarter NA NA -0.67%
Median price change - 1 year NA NA -2.22%
Median price change - 2 years NA NA -0.59%
  House Townhouses Units
Median weekly rent $615 NA $610
Median yield % NA NA 5.31%
Median rent change - 1 year 2.50% NA 3.38%
  House Units
Previous month sales 1 58
Stock on market previous month 5 596
Stock variance vs. last year -68.75% 7.58%
Average days on market NA 169

Southbank investment property listings

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