Home/Properties/Southbank/3105/57-61 City Road
3105/57-61 City Road, Southbank$315,000
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For Saleapartment

3105/57-61 City Road

Southbank, VIC 3006, Australia
$300,000 – $330,000
1 bed 1 bath

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About this property

INSPECTION AVAILABLE Immaculately presented with clear city views, this turn-key opportunity is ideal for both owner occupiers and investors. POTENTIAL 9%+ YIELD. Beyond an abundance of natural light, elevated outlooks and a layout that feels immediately comfortable, residents enjoy a near river-side location next to one of Melbourne's marque precincts, Southgate by the Yarra River. Should you be an investor, this building is well regarded as delivering high yielding returns with potential to achieve in excess of 9% yield. 31st Floor - Bright, sun-lit one-bedroom apartment with elevated city outlooks Open-plan living, dining and kitchen zone Floorboards in living areas and carpeted bedroom Juliette balcony with floor-to-ceiling glazing Engineered stone kitchen with stainless steel gas cook-tops & Oven Integrated dishwasher & concealed fridge cabinet Well-sized bedroom with built-in robe Modern bathroom Intercom secure entry system separate entry for private residences Neighbouring the iconic Melbourne's Eureka Tower and the Langham Hotel, this central Southbank address, the best of inner-Melbourne is within easy reach. Walk to the Yarra River promenade, The Botanical Gardens, Flinders Street Station, Crown, cafés, restaurants and the Arts Precinct, with the CBD just across the river for work, study or leisure. Value for money, not to be missed.

Property Details

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

Repayment calculator

$1,527/month
$764 /fortnight
Loan $252,000 at 6.10% over 30 years

Upfront costs

Deposit$63,000
Stamp duty$13,970
Conveyancing (est.)$2,000
Total upfront$78,970
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 1-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 52% below the $660,000 median of 70 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)655 m away
  • Unnamed503 m away
  • Unnamed137 m away
  • Unnamed140 m away
  • Unnamed160 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

Bushfire Risk

Complete
Not bushfire prone

None

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Moderate

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BAL rating

Not assessed

Vegetation

Southbank is a dense urban precinct in inner Melbourne with no bushfire-prone area designation or BMO overlay. The suburb is characterised by high-density residential and commercial development with minimal native vegetation, placing it well outside bushfire risk zones. No BAL rating applies to this location.

Source: StMate AI — VIC bushfire mapping07/06/2026
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 1 bed

Compound growth -3.1% / yr over 4 yrs

$385kcurrent 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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