Southbank at a glance
27,700
People
No data
Median sale
$683/wk
Median rent
No data
Suburb gross yield
VIC › Southbank › Kavanagh St
$2,200,000–$2,400,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
2
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$2,200,000–$2,400,000
Asking range
No recorded sale for this property.
Southbank at a glance
27,700
People
No data
Median sale
$683/wk
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$130,314 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Southbank's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $683/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Southbank at a glance
27,700
People
No data
Median sale
$683/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Melcorp Real Estate MelbournePositioned within the acclaimed Triptych development, this exceptional three-bedroom residence delivers an enviable lifestyle of luxury, space, and sophistication in one of Southbank's most prestigious addresses.
Occupying an elevated easterly position, the apartment enjoys panoramic views stretching across the Royal Botanic Gardens, Melbourne Cricket Ground, Arts Centre Melbourne, Southbank skyline and the CBD. Floor-to-ceiling windows frame the ever-changing cityscape while bathing the expansive interiors in natural light.
Spanning approximately 168sqm, the residence is distinguished by its generous proportions and thoughtful design. The vast open plan living and dining domain provides an elegant setting for both everyday living and entertaining, seamlessly extending to a chef's kitchen appointed with a substantial island bench, premium appliances, butler's pantry and extensive storage.
The spacious master suite offers a private sanctuary complete with extensive built-in robes and a luxurious double-vanity ensuite. Two additional bedrooms with built-in robes are complemented by quality bathrooms, providing flexibility for families, professionals, or visiting guests.
Further highlights include:
- Ducted heating and cooling
- Separate laundry
- Video intercom entry
- Excellent storage throughout
- Two secure tandem car spaces
Residents enjoy exclusive access to Triptych's renowned resort-style amenities, including a 25-metre indoor lap pool, fully equipped gymnasium, rooftop yoga garden, concierge service, secure entry and beautifully landscaped gardens. Internationally recognised for its environmentally sustainable architecture and innovative design, Triptych remains one of Melbourne's most sought-after residential developments.
Perfectly positioned opposite Melbourne's celebrated Arts Precinct and moments from the Royal Botanic Gardens, Southbank Promenade, Crown Entertainment Complex, world-class dining and the CBD, this remarkable residence presents an outstanding opportunity to secure a substantial luxury apartment in a landmark building.
Listing description written by Hanns Yeh, Melcorp Real Estate Melbourne — reproduced as published, not verified by Districts.
Also look at
U110, 88 Kavanagh St, Southbank VIC 3006
1-bed apartment. Asking $338K–$368K.
U59, 88 Kavanagh St, Southbank VIC 3006
1-bed apartment. Asking $378K–$408K.
U121, 38 Kavanagh St, Southbank VIC 3006
2-bed unit. Asking $590K–$640K.
U2108, 60 Kavanagh St, Southbank VIC 3006
2-bed apartment. Asking $600K–$660K.