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1001/9 Power Street, Southbank$500,000
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1001/9 Power Street

Southbank, VIC 3006, Australia
$495,000 – $505,000
2 bed 1 bath68 m²

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About this property

Experience the best of Southbank's lavish lifestyle with this spacious north-facing two-bedroom home, which is destined to capture the hearts of first home buyers and city professionals. Located in one of the area's premier residential complexes, Prima Tower, it combines modern and vibrant living just moments from the Crown Entertainment Complex, Southgate precinct, and the CBD. Abundant northern sunshine streams onto the private terrace, from where you can also enjoy the gorgeous city skyline and Yarra River vistas. The soaring floor-to-ceiling high-performance double-glazed windows allow light to flood into the generous living and dining areas. This captivating abode features an impressive main bedroom with mirrored built-in robes and a sizeable, private second double bedroom. A sleek stone kitchen featuring premium Miele appliances, 2-Pack white and timber veneer joinery, an elegant bathroom with classy tapware, a laundry zone, and a concealed reverse cycle heating and cooling system all raises the bar for ultimate comfort and enjoyment in this urban oasis. Enjoy Prima Tower's amazing world-class facilities, which include an architect-designed lobby with 24-hour concierge service, a building manager, an outdoor BBQ terrace, an indoor heated 25-meter lap pool, a fully equipped gymnasium, a spa, a steam room, a sauna, a virtual golf range, a massage room, meeting rooms, a communal lounge, a games room, a 17-seat cinema/theatre with Foxtel service, and a full kitchen with private dining facilities. The iconic Crown Entertainment Complex is located across the road. Delight in the nearby Southgate precinct with its exciting restaurants and bars, explore South Melbourne Market for fresh produce, absorb the beauty of the Royal Botanic Gardens, enjoy a show at the Arts Centre, or be thrilled by a game at one of Melbourne's world-class sporting venues (MCG, AAMI Park, Tennis Centre). All of the CBD's attractions are just a short stroll away.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Land Area
68 m²
Listed
3 months ago

Repayment calculator

$2,424/month
$1,212 /fortnight
Loan $400,000 at 6.10% over 30 years

Upfront costs

Deposit$100,000
Stamp duty$25,070
Conveyancing (est.)$2,000
Total upfront$127,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Southbank

This 2-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 35% below the $765,000 median of 74 comparable apartmentswithin 5 km.

Schools near Southbank

  • South Melbourne Primary Schoolprimary · Prep-6 · CoEd
  • Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd

What's nearby

  • Stop 116: City Road (tram)343 m away
  • Unnamed172 m away
  • Unnamed263 m away
  • Unnamed288 m away
  • Boyd Community Park294 m away

Southbank at a glance

Full suburb profile
Population
22,631
Median age
31
Household income
$1,926/wk
Median rent
$411/wk
Median mortgage
$1,900/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Southbank remains one of Melbourne's most active development precincts with sustained high-density residential, mixed-use and cultural facility projects. Ongoing infrastructure and public realm works support continued densification within this established inner-city location. Development activity is driven by strong demand for inner-city living, proximity to employment hubs, and ongoing investment in arts and cultural institutions.

Nearby projects

6

Closest

0 km

Southbank Precinct Mixed-use Development

250m500m750m1kmSouthbank Precinct Mixed-use Development — 0.0 kmArts Precinct Activation — 0.2 kmYarra River Foreshore Renewal — 0.3 kmTransport Hub Infrastructure — 0.4 kmApartment Tower - A'Beckett Street — 0.5 kmResidential Apartment Complex - City Road — 0.8 km

Distance from this property is exact (rings = km). Direction is illustrative.

Southbank Precinct Mixed-use Development

0 km
Mixed-useUnder construction

Continuation of high-density residential, office and retail development within the established Southbank cultural and entertainment precinct.

2025-2026

0 m

Arts Precinct Activation

0.2 km
Mixed-useProposed

Cultural institution expansion and public space enhancement supporting Southbank's role as Melbourne's arts and entertainment hub.

2025-2027

200 m

Yarra River Foreshore Renewal

0.3 km
InfrastructureUnder construction

Public realm and pedestrian access improvements along the Yarra River frontage with integrated landscaping and flood resilience works.

2024-2025

300 m

Transport Hub Infrastructure

0.4 km
InfrastructureApproved

Public transport interchange improvements supporting increased density and connectivity between Southbank and surrounding suburbs.

2024-2025

400 m

Apartment Tower - A'Beckett Street

0.5 km
Apartment buildingApproved

High-rise residential tower with 300+ apartments, ground-floor retail and car parking in central Southbank location.

2026

500 m

Residential Apartment Complex - City Road

0.8 km
Apartment buildingUnder construction

Mid-rise residential building with 150+ dwellings targeting inner-city workers and students near transport links.

2025

800 m
Source: StMate AI — VIC development trends07/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Southbank price trend

Median sold · Unit 2 bed

Compound growth -1.6% / yr over 4 yrs

$605kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Southbank market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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