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905/1 Balston Street, Southbank$390,000
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905/1 Balston Street

Southbank, VIC 3006, Australia
$390,000
1 bed 1 bath

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About this property

Expression of Interest (unless sold prior) due 15th May 2026 at 12pm Standing out nine floors high in the ultra-modern Southbank Central complex, this stylish 1 bedroom (plus compact study) apartment sets the bar high for luxury, comfort and a dynamic lifestyle on your doorstep. Take a high-speed lift downstairs and walk to Woolworths, the arts precinct, Crown, Southbank Library, Boyd Park, riverside dining, and the CBD. An L-shaped kitchen showcases smooth stone surfaces, a mirrored splashback, a Fisher and Paykel dish-drawer, and high-quality Miele appliances including an integrated microwave and a 4-burner gas cooktop. Framed by floor-to-ceiling glass, roomy open-plan living and dining is enriched by a study zone with a built-in workstation, taking your work-from-home duties to another level. Step outside and instantly relax on a sheltered balcony overlooking Boyd Park and the neighbouring skyline. The sizeable bedroom takes a share of the aspect, serviced by mirrored built-in robes and a fully tiled bathroom boasting a stone-topped vanity. Comprehensive features include a European laundry with a washing machine and dryer, ducted heating and cooling, double glazing, slimline Venetian blinds with additional rollers in the bedroom, and recessed down-lighting. Sought-after Southbank Central comes complete with a 24-hour concierge, intercom security, a 6.5 star energy-efficiency rating, and exclusive use of an indoor pool, fully fitted gym, shared lunge/dining, and BBQ terraces with stunning city views. Confident investors can set and forget, while market entrants will purchase with certainty. Outgoings: Council Rate: $232.00 per quarter approx. Water Rates: $176.00 per quarter approx. Owners Corporation Fees: $943.00 per quarter approx. Potential Rental Income: $570 per week approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$1,891/month
$945 /fortnight
Loan $312,000 at 6.10% over 30 years

Upfront costs

Deposit$78,000
Stamp duty$18,470
Conveyancing (est.)$2,000
Total upfront$98,470
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 37% below the $615,000 median of 77 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)123 m away
  • Unnamed72 m away
  • Boyd Community Park55 m away
  • Unnamed159 m away
  • Unnamed354 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 1 bed

Compound growth -3.1% / yr over 4 yrs

$385kcurrent median

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