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2601W/48 Balston Street, Southbank$475,000

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2601W/48 Balston Street

Southbank, VIC 3006, Australia

$460,000 – $490,000

2 bed 1 bath61 m²

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Listing description

About this property

Perched on the 26th floor of the highly sought-after Marco Tower, delivered by Golden Sunrise Developments and designed by renowned architects Buchan, this exceptional residence promises an elevated lifestyle. From the moment you arrive, a grand entrance sets the tone for the refinement that awaits, while a seamless, rapid-ascent lift whisks you to your private sanctuary, where natural light floods the modern interiors. This stylish two-bedroom, one-bathroom apartment offers a sophisticated city lifestyle, enhanced by breathtaking views of Melbourne's skyline. Step into a light-filled open-plan living and dining area, where timber floorboards and floor-to-ceiling windows frame the dynamic cityscape, creating an inspiring backdrop both day and night. Enjoy year-round comfort with reverse-cycle ducted climate control, while swipe entry and video intercom provide security and peace of mind. The sleek, modern kitchen boasts stone benchtops, premium Smeg appliances, and ample storage perfect for home chefs and entertainers alike. Both bedrooms are bathed in natural light and feature mirrored built-in robes, while the contemporary bathroom adds a touch of sophistication with its stylish design. Residents enjoy exclusive access to world-class amenities, including a well-equipped gym, heated infinity pool with breathtaking views, a cinema, and a private residents' lounge. Minutes to Southbank's vibrant dining, entertainment, and cultural precincts at your doorstep plus easy access to Southgate, Flinders Street Station, Crown Entertainment Complex, South Melbourne Market, the Royal Botanic Gardens, Yarra Promenade, and the CBD. This is an excellent opportunity for homeowners and investors alike. Secure this stunning Southbank residence today call agent for private viewing

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 2
Bathrooms: 1
Land Area: 61 m²
Listed: 3 months ago

Repayment calculator

$2,303/month

$1,151 /fortnight

Loan $380,000 at 6.10% over 30 years

Upfront costs

Deposit$95,000

Stamp duty$23,570

Conveyancing (est.)$2,000

Total upfront$120,570

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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 26% below the $638,000 median of 79 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) — 139 m away
AWM Electrical & Data Suppliers — 200 m away
Boyd Community Park — 144 m away
Unnamed — 177 m away
Unnamed — 186 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

Lifestyle & access

Schools

7 nearby schools

Catchment: Southbank Primary School

Public transport

10 stops within 1.5km

Nearest: City Road/Queens Bridge Street (0.3km)

Traffic

Moderate congestion

Morning (7-9am) and evening (5-7pm) peak hours see increased congestion on St Kilda Road and arterial connections to the CBD. Local street traffic can be heavy, though the Southbank precinct generally experiences smoother flow than central CBD areas.

Noise

High noise

Nearest: road (0.1km)

Risk & safety

Flood risk

Medium

Southbank is adjacent to the Yarra River and falls within mapped flood-prone areas under Victoria's planning overlays. The precinct has documented flood risk from Yarra River inundation during major events, necessitating strict compliance with the Land Subject to Inundation Overlay. Properties here require flood-conscious design and elevated finished floor levels to meet planning and building standards.

Bushfire risk

None

Southbank is a dense, inner-urban suburb of Melbourne located on the Yarra River's south bank, well within the metropolitan area and remote from bushland interfaces. Properties in Southbank are not mapped within the Bushfire Prone Area (BPA) or subject to the Bushfire Management Overlay (BMO) under Victoria's planning scheme. No bushfire risk assessment or BAL rating is required for this location.

Crime profile

above average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Melbourne Planning Scheme

Nearby development

6 projects nearby

Southbank remains Melbourne's premier urban renewal precinct with continuous mixed-use development, cultural infrastructure investment, and residential intensification along the Yarra River. The area experiences strong development pressure driven by its proximity to the CBD, established cultural institutions, and waterfront positioning. Activity is characterized by high-rise residential approvals, public realm upgrades, and heritage-sensitive integration with existing arts and entertainment facilities.

Heritage

Heritage listed

Southbank is a significant cultural and heritage precinct in inner Melbourne, dominated by major state and national institutions established in the 1980s-2000s. The area is subject to heritage overlays protecting its cultural landscape, public spaces, and architectural heritage. Individual residential properties are less commonly individually heritage-listed, but the suburb operates under strict heritage guidelines affecting development and streetscape character.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

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.

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