The small suburb of Southbank is situated on the southern side of the Yarra River. Southbank includes Southbank Promenade that stretches from Southgate shopping and dining complex to Queensbridge Square.
The promenade has many cafes, restaurants, shops, upmarket hotels, offices, public art, and modern apartments. The variety and spectacular city views make it a popular place for locals and visitors to drink, dine, stroll and watch the occasional street performer.
Southbank is an important cultural hub and home to:
Significant and rapid residential development has occurred in Southbank and the population has skyrocketed. The vast majority of residents live in high-rise apartments, the tallest of which is the 300 meter tall Eureka Tower. The 92-level tower is one of the world’s tallest solely residential buildings.
This is ideal for single professionals working in the city or small families. Location is A+ : Transport options, accessibility, entertainment, eating out, etc are all excellent.
This being on the fringe of the CBD makes it accessible yet not as busy as living in the city center itself.
Thinking about purchasing an investment property in Southbank? Real estate has produced many of the world’s wealthiest people, so there are plenty of reasons to think that it is a sound investment in Southbank. GPYinson can help you with either buying or investing in Southbank, contact our agent now for valuable advice.