Southbank VIC Property Investment

Melbourne · 3006

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Median House Price

$943K

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$590K

As of 7 Nov 2026.

Population (Census 2021)

22,631

New dwellings approved

New dwellings approved, Melbourne council area, 12 months to Aug 2026: 4,741. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Southbank.

Suburb Metric Thresholds

4 green2 yellow1 red

Population growth 2016–21, postcode 3006 (ABS Census)

3.83 high impact

Median Household Income

1927 medium impact

Public Transport Score

100 medium impact

School Zone Quality

6.8 medium impact

Distance to CBD

1.79 medium impact

SEIFA Advantage/Disadvantage

9 medium impact

Owner Occupier Rate

30.3 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-08

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3006

Most disadvantagedLeast disadvantaged

Decile 8 of 10 — Low disadvantage

Population (suburb)

22,631

Education (IEO)

10/10

Econ. Resources (IER)

1/10

Schools

In your catchment

South Melbourne Primary School

PrimaryGovernment

8.8/10

Albert Park College

SecondaryGovernment

8.5/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.