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4802/245 City Road, Southbank$650,000
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4802/245 City Road

Southbank, VIC 3006, Australia
$620,000 – $680,000
2 bed 2 bath 1 car

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About this property

Positioned high on the 48th floor of the sought-after Palladium Tower, this stylish two-bedroom, two-bathroom residence delivers an exceptional inner-city lifestyle with breathtaking panoramic views stretching across Port Phillip Bay and Melbourne's ever-changing skyline. Designed to maximise natural light and space, the open-plan living and dining area is framed by floor-to-ceiling glazing, creating a seamless connection to the spectacular outlook. The contemporary kitchen is beautifully appointed with stone benchtops, quality European appliances and generous storage, making everyday living and entertaining effortless. The thoughtfully designed floorplan offers two spacious bedrooms, including a privately positioned master suite complete with built-in robes and an ensuite. A second modern bathroom, European laundry and secure car space complete this impressive city residence. Residents of Palladium Tower enjoy access to an outstanding selection of resort-style facilities, including a 24-hour concierge, indoor swimming pool, fully equipped gymnasium, sauna and exclusive resident lounges, delivering comfort, convenience and luxury every day. Perfectly positioned on the edge of Melbourne's CBD, you'll be just moments from Crown Entertainment Complex, the Arts Precinct, South Melbourne Market, the Yarra River promenade, Boyd Community Hub, Clarendon Street cafés, public transport and world-class dining, shopping and entertainment.

Property Details

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

Repayment calculator

$3,151/month
$1,576 /fortnight
Loan $520,000 at 6.10% over 30 years

Upfront costs

Deposit$130,000
Stamp duty$34,070
Conveyancing (est.)$2,000
Total upfront$166,070
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 40% 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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