3815/70 Southbank Boulevard, Southbank VIC 3006
3815/70 Southbank Boulevard, Southbank VIC 3006
3 bed 3 bath 2 car | Australia 108 sky home | Tallest residential tower in Southern Hemisphere | Premium owner-occupier stock | Flood overlay noted
This is a genuinely rare configuration for Southbank, where the market leans heavily toward smaller one and two bedroom investor units. A three bedroom, three bathroom apartment with two car spaces places this property firmly in the luxury owner-occupier segment, appealing most to downsizers from family homes, high income couples wanting generous space near the CBD, and interstate or international buyers seeking a prestige Melbourne base. The building itself is a landmark, completed around 2020, with 100 storeys, full amenity including an infinity pool, gym, cinema and residents lounges, and a finish package that includes Miele appliances, stone benchtops and floor to ceiling glazing. For a buyer wanting a genuine sky home with room to live, not just an investment box, this stands apart from typical Southbank stock.
The main factors that might shape price are the floor level and view corridor, which are not confirmed, and the unit specific floorplan, since three bedroom layouts in this building vary considerably in total area. The flood overlay is a real planning consideration, though it is common across much of the Southbank precinct and unlikely to be a dealbreaker for most buyers. Heritage overlay also appears on the record, which may affect future building modifications but not day to day living. The school catchment position is solid for inner city public options, though private schooling would be the norm for many buyers at this price point. Rental demand is strong given the location, but luxury stock typically trades on owner-occupier appeal rather than yield.
|| Comparable Sales: 8505/70 Southbank Boulevard sold privately Sep 2025, 3 bed 3 bath 2 car; 3816/70 Southbank Boulevard indicated $830K–$880K for a smaller unit | Property Price Band: $1.5M–$1.6M | Value Drivers: floor level and aspect, unit size and layout, car space count and building amenity
Detailed Independent Property Report prepared by PropCred Analyst team for 3815/70 Southbank Boulevard, Southbank VIC 3006
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Southbank’s inner-Melbourne position and transport links around St Kilda Road and Southbank Boulevard underpin activity, but the market is overwhelmingly a unit market: 596 unit sales against 7 house sales in the past year. Unit demand is driven by renters and investors, with median weekly rents holding at $695 for both houses and units and units averaging 45 days on market. Price signals are mixed: unit medians range from $501,850 to $555,000, with annual growth between -2.55% and -18.2%; house data is unreliable, with medians of $450,500 and $862,000 and growth of -64.3% on just 2-7 transactions. Infrastructure and rental stability support future demand, but thin house supply, softening unit prices, and 45-55 day selling periods are constraints.
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PropCred Estimated Value
Comparable Sales: 8505/70 Southbank Boulevard sold privately Sep 2025, 3 bed 3 bath 2 car; 3816/70 Southbank Boulevard indicated $830K–$880K for a smaller unit | Property Price Band: $1.5M–$1.6M | Value Drivers: floor level and aspect, unit size and layout, car space count and building amenity
Bedrooms
2
Bathroom
1
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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