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

1001/9 Power Street

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

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Listing description

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

Noise & Environment

Complete
42/ 100

Quiet Score

Some ambient noise

Acoustic environment

Moderate noise

Quiet

Low

Moderate

High

City Road is 140 m away, the nearest railway is 390 m away, Essendon Fields Airport is 11.9 km away. Expect a moderate level of ambient noise. Estimated from OpenStreetMap proximity — terrain, barriers and flight paths affect real-world noise.

Nearby noise sources

City Road

Road

moderate
140 m

Railway line

Rail

moderate
390 m

Essendon Fields Airport

Aircraft

low
11.9 km

Location

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Source: OpenStreetMap (Overpass)06/06/2026
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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