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

2601W/48 Balston Street

Southbank, VIC 3006, Australia
$460,000 – $490,000
2 bed 1 bath61 m²

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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 78 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 Suppliers200 m away
  • Boyd Community Park144 m away
  • Unnamed177 m away
  • Unnamed186 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 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.

Nearby projects

6

Closest

0.5 km

Southbank Precinct Mixed-Use Development

500m1km1.5km2kmSouthbank Precinct Mixed-Use Development — 0.5 kmRecent Residential DA - Clarendon Street — 0.7 kmMelbourne Arts Precinct Enhancement — 0.8 kmSt Kilda Road Residential Tower — 1.2 kmParkland Renewal - Alexandra Gardens — 1.5 kmMixed-Use Riverside Development — 2.0 km

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

Southbank Precinct Mixed-Use Development

0.5 km
Mixed-useUnder construction

Continuation of Southbank's established mixed-use urban renewal with residential, retail, and cultural facilities integrated throughout the precinct.

2025-2026

500 m

Recent Residential DA - Clarendon Street

0.7 km
Apartment buildingApproved

Mid-rise residential development near Southbank's commercial core targeting urban professionals.

700 m

Melbourne Arts Precinct Enhancement

0.8 km
InfrastructureUnder construction

Public realm and cultural infrastructure upgrades supporting the National Gallery of Victoria, performing arts venues, and museum facilities.

2024-2025

800 m

St Kilda Road Residential Tower

1.2 km
Apartment buildingApproved

High-rise residential development on St Kilda Road corridor with premium apartments and ground-floor retail activation.

1.2 km

Parkland Renewal - Alexandra Gardens

1.5 km
InfrastructureProposed

Landscape and accessibility improvements to Alexandra Gardens with enhanced recreational facilities and environmental management.

1.5 km

Mixed-Use Riverside Development

2 km
Mixed-useProposed

Waterfront-oriented residential and hospitality precinct along the Yarra River with public access improvements.

2.0 km
Source: StMate AI — VIC development trends07/05/2026
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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