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3504/245-251 City Road

Southbank, VIC 3006, Australia
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2 bed 2 bath6 ha

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About this property

3504/245-251 CITY ROAD, SOUTHBANK Rare opportunity! This fully furnished 2-bedroom, 2-bathroom apartment in the prestigious Palladium Tower generates approx. $45,000 net Airbnb income p.a. (2023-24 figures). A ready-made, hassle-free investment! On level 35, it offers open-plan living, Miele kitchen, hardwood floors, plush carpets, queen-sized bedrooms with robes, master ensuite, Euro laundry, A/C, and floor-to-ceiling windows. Balcony, internet, and all furniture included-just move in! Lifestyle & Location: Woolworths on the ground floor, steps to Crown, South Melbourne Market, Southbank dining, CBD, and multiple tram lines/Flinders St Station. Amenities: 24-hr concierge, secure entry, infinity pool, sauna, gym, BBQ terrace, private theatre, and function rooms with skyline views. Exclusive Amenities Secure entry, intercom & 24-hour concierge Massive fitness centre, infinity pool, & sauna (levels 40-41) Landscaped BBQ area & function rooms with impressive city skyline views (level 9) Love movie nights! Book the Private Theatre and invite friends and family. Really successful Airbnb investment, this high-demand property is perfect for investors or city-lifestyle seekers. Outgoings & Rental Info Available on Request For all details, please refer to the Contract of Sale Deposit Terms: 5 % or 10% of the purchase price Preferred Settlement: 30/60/90 days All inspections are by appointment only Please register or call Kim or Nick to arrange your personal inspection! PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS! Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves of any pertinent matters.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Land Area
6 ha
Listed
3 months ago

Repayment calculator

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

Price estimated from comparable nearby — edit below to use your own number

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.

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

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Southbank market

Within 5km

Nearby Properties

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