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602/31 City Road, Southbank$462,500
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For Saleapartment

602/31 City Road

Southbank, VIC 3006, Australia
$450,000 – $475,000
2 bed 1 bath 1 car70 m²

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About this property

Experience the best of Southbank living from this spacious north-facing apartment, perfectly positioned on the 6th floor of the popular Gallery building. Just moments from Crown Entertainment Complex, Southbank Promenade, the Arts Precinct, riverside restaurants, Boyd Community Hub, public transport, and the Melbourne CBD, this is an outstanding opportunity for both owner-occupiers and investors. Filled with natural light, the generous open-plan living and dining area is complemented by a dedicated study nook and opens onto a private balcony, providing the ideal space to relax or entertain. The well-appointed kitchen is designed for everyday functionality, featuring stainless steel appliances, ample bench space, and excellent storage. Two spacious bedrooms include mirrored built-in robes and are serviced by a modern central bathroom with full-height tiling. Additional features include a European laundry, ducted heating and cooling, secure intercom entry, concierge service, lift access, and a secure basement car space. Residents enjoy exclusive access to an outstanding selection of resort-style facilities, including an indoor swimming pool, spa, sauna, fully equipped gymnasium, and a function room with impressive city views. Offering space, comfort, and an unbeatable lifestyle address, this impressive apartment presents an exceptional opportunity to secure a quality home in one of Melbourne's most sought-after inner-city locations.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
70 m²
Listed
5 days ago

Repayment calculator

$2,242/month
$1,121 /fortnight
Loan $370,000 at 6.10% over 30 years

Upfront costs

Deposit$92,500
Stamp duty$22,820
Conveyancing (est.)$2,000
Total upfront$117,320
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 32% below the $680,500 median of 60 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)749 m away
  • Unnamed599 m away
  • Unnamed205 m away
  • Unnamed212 m away
  • Unnamed218 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 -2.3% / yr over 4 yrs

$602kcurrent median

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Price history

Price history

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1 price change recorded for this property

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