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123/173 City Road, Southbank$645,000
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123/173 City Road

Southbank, VIC 3006, Australia
$645,000
2 bed 2 bath 1 car87 m²

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About this property

A wide-reaching celebration of free-flowing space, this captivating 2 bedroom, 2 bathroom apartment offers sunlit Southbank living at its most engaging. Head downstairs from your 12th floor retreat and stroll to the CBD, riverside restaurants, Crown, Melbourne Square Woolworths, Boyd Community Hub, Mr Summit Cafe, South Melbourne Primary School, and all the vitality of the arts precinct. First home buyers will appreciate the convenience, while savvy investors will pocket the savings in a high-demand neighbourhood. A well-planned layout totalling an impressive 91sqm (approx.) reveals spacious open-plan living and dining underscored by a granite-topped kitchen with a breakfast bar, 4-burner gas cooktop, and a full-sized dishwasher. Floor-to-ceiling glass slides open to a sheltered balcony capturing a soaring skyline backdrop extending across the neighbourhood. Both generously scaled bedrooms feature mirrored built-in robes, serviced by fully tiled bathrooms with marble detailing, while the primary one boasts a bathtub. Comprehensive features include secure car parking, an over-the-bonnet storage cage, Euro laundry with a washing machine and dryer, ducted heating and cooling, motorised blinds in the living room and master suite, roller blinds, recessed down-lighting, and character-rich floorboards underfoot. The Melbourne Tower complex is graced with intercom security, a 24-hour concierge, and resort-inspired use of a heated pool, tennis court, BBQ terrace, and a well-equipped gym. Inspect with certainty! Outgoings: Council Rates: $419.00 per quarter approx. Water Rates: $176.00 per quarter approx. Owners Corporation Fees: $1,343.00 per quarter approx. Potential Rental Income: $742 per week approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
87 m²
Listed
3 months ago

Repayment calculator

$3,127/month
$1,563 /fortnight
Loan $516,000 at 6.10% over 30 years

Upfront costs

Deposit$129,000
Stamp duty$33,770
Conveyancing (est.)$2,000
Total upfront$164,770
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 16% below the $770,000 median of 72 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)237 m away
  • Unnamed82 m away
  • Unnamed143 m away
  • Boyd Community Park169 m away
  • Unnamed254 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.

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Suburb market

Suburb price trend

Southbank price trend

Median sold · Unit 2 bed

Compound growth -1.6% / yr over 4 yrs

$605kcurrent median

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