Melbourne vs Southbank
House prices, rent and lifestyle, side by side. Every figure shows its period and source.
Bars scale each row to its largest figure.
| Suburb | MelbourneMelbourne | SouthbankMelbourne |
|---|---|---|
| Price & rent | ||
| Median house priceValuer-General Victoria | not available | not available |
| Median unit price | $545,000 (calendar year 2025) | $580,000 (calendar year 2025) |
| Median weekly rentDFFH / Census 2021 | $381/wk | $680/wk |
| Gross rental yieldweekly rent x 52 / house price, before costs | not available | not available |
| People | ||
| PopulationABS Census 2021 | 54,941 | 22,631 |
| SEIFA advantage decile | 5/10 | 8/10 |
| Housing | ||
| Houses | 0% | 0% |
| Townhouses | 0% | 1% |
| Apartments/units | 99% | 98% |
| Transport | ||
| Distance to Melbourne CBD | 1.5 km | 1.4 km |
| Train stations | 222 | 0 |
| Tram stops | 121 | 25 |
| Planning & risk | ||
| Flood overlayVicmap Planning | 18% | 60% |
| Bushfire overlayVicmap Planning | 0% | 0% |
| Heritage overlayVicmap Planning | 52% | 17% |
| Schools (zoned government) | ||
| Primary | Carlton Gardens Primary School, Docklands Primary School, North Melbourne Primary School, Richmond Primary School, Richmond West Primary School, South Melbourne Park Primary School, South Melbourne Primary School, South Yarra Primary School, St Kilda Park Primary School, Windsor Primary School | Carlton Gardens Primary School, Docklands Primary School, South Melbourne Park Primary School, South Melbourne Primary School |
| Secondary | Albert Park College, Collingwood College, Melbourne Girls College, Port Melbourne Secondary College, Prahran High School, Richmond High School, University High School | Albert Park College, Port Melbourne Secondary College, Prahran High School |
| Safety | ||
| Recorded crime (council area)Crime Statistics Agency Victoria, council-wide | Higher than most areas | Higher than most areas |
Key differences
- Southbank is higher on median weekly rent (by about 78%).
- Melbourne is higher on population (by about 143%).
- Southbank is higher on SEIFA advantage/disadvantage decile (by about 3 deciles).
- Southbank is higher on flood overlay share (by about 42 percentage points).
- Melbourne is higher on heritage overlay share (by about 35 percentage points).
- Melbourne has a train station in the suburb; the other doesn't.
The median unit price in Melbourne was $545,000 in calendar year 2025 (Valuer-General Victoria). The median unit price in Southbank was $580,000 in calendar year 2025 (Valuer-General Victoria).