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2401/245 City Road, Southbank$480,000
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For Saleapartment

2401/245 City Road

Southbank, VIC 3006, Australia
$470,000 – $490,000
2 bed 1 bath

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About this property

Discover the ultimate in modern, low-maintenance living with this 2 bedrooms, 1 bathroom apartment in the sought-after 'Palladium' tower. Showcasing designer finishes and sun-filled interiors, it's the perfect choice for first-home buyers, professionals or astute investors. Floor-to-ceiling windows flood the open-plan living/dining area with natural light, perfectly complementing a sophisticated kitchen equipped with stainless steel appliances and stone benchtops. Additional highlights include split system heating/AC, secure entry and private covered balcony designed for year-round entertaining. Enjoy exclusive access to 'The Residents' Retreat' featuring a stunning pool, state-of-the-art gym and impressive indoor/outdoor entertaining spaces that set a new benchmark for lifestyle luxury. Situated just metres from the supermarket, and moments to trams and buses, this unbeatable location places you within easy reach of the Crown Complex and a short stroll into the CBD. Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Prospective purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs Victoria. Click on the link for a copy of the due diligence check-list from Consumer Affairs Victoria. http://www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Listed
2 months ago

Repayment calculator

$2,327/month
$1,164 /fortnight
Loan $384,000 at 6.10% over 30 years

Upfront costs

Deposit$96,000
Stamp duty$23,870
Conveyancing (est.)$2,000
Total upfront$121,870
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 3% above the $465,000 median of 69 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

  • City Road/Queens Bridge Street (bus)39 m away
  • Woolworths Metro39 m away
  • Boyd Community Park170 m away
  • Unnamed307 m away
  • Unnamed348 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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Price history

Price history

Listing price changes

1 price change recorded for this property

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