Southbank at a glance
27,700
People
No data
Median sale
$683/wk
Median rent
No data
Suburb gross yield
VIC › Southbank › Queensbridge St
$1,995,000–$2,194,500
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
$1,995,000–$2,194,500
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.
$117,039 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 1.8%. 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 MICMA perfectly presented showcase of breathtaking city and river views, this vast 3 bedroom, 2.5 bathroom penthouse apartment takes Southbank style to the next level. Prepare yourself for house-like scale in a corner setting, a thrilling quartet of balconies facing north and east, and a staggering 227sqm (approx.) of light-filled luxury inside and out. All this and a short walk to the CBD!
Crowning the top two floors of the tightly held Southbank Towers complex, discover a chef-friendly kitchen graced with glistening granite finishes, an imposing breakfast bar, and stainless-steel appliances including a wall oven, 4-burner gas cooktop, and an upgraded Bosch dishwasher. Enjoy open and designated zones for living and dining, framed by panels of floor-to-ceiling glass, before stepping outside to a primary balcony running the full length of the apartment. This game-changing platform for entertaining captures the all-day warmth of northern sun, while highlighting the towering neighbourhood skyline extending over the Yarra River and touching down on the city. Imagine the New Year�s Eve fireworks from this prestigious perch. A second balcony faces east and takes in soaring Southbank skyscrapers and the blue-water beauty of Port Phillip Bay. Melbourne never looked so good!
The same spectacular balcony views are on display upstairs, placed alongside a light-filled trio of bedrooms, all generously sized and extensively robed. The corner-sited main bedroom features walk-in robes, dual balcony access, and a pristine fully tiled ensuite. One of the bedrooms also enjoys walk-in robes and access to the north-facing balcony, while the family-sized bathroom is graced with full-height tiles, a wall-to-wall mirror, and a rainfall shower over a luxurious bathtub.
The extensive list of special features includes a handy ground-floor powder room, a large laundry/butler�s pantry with ample storage, ducted heating/cooling, ceiling fans, a storeroom under the stairs, flowing day/night curtains, undercover parking for 2 cars, and an option to purchase a further 2 car spaces in the complex if desired. Southbank Towers comes complete with intercom security, a building manager, and resort-grade use of an indoor heated pool, a fully equipped gym, tennis court, golf driving net, basketball half-court, and a BBQ terrace.
The city-edge neighbourhood on your doorstep speaks for itself. Stroll to Crown, riverfront restaurants, trams to a bay beach, Southgate shopping, Flinders Street trains, and all the vibrant attractions of the CBD. Live the life you love with style, substance and sophistication!
* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.
Listing description written by Natalia Susanti, MICM — reproduced as published, not verified by Districts.
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