Suburb Profile – Southbank
Southbank is home to some of Australia’s tallest apartment buildings and most stylish apartments. With 97.5 percent of dwellings in the suburb being units or apartments, it is unquestionably the epicentre for high-rise living in Melbourne.
Situated directly adjacent Melbourne’s CBD, the suburb is a lifestyle destination that draws thousands of Melburnians all year round.
At the heart of Southbank’s charms is its riverside promenade. Stretching two kilometres in length, it is home to many fabulous restaurants, bars as well as a major shopping and entertainment precinct.
In addition to its stylish shopping and restaurant scene, Southbank is very well known as Melbourne’s cultural centre. The suburb is home to many cultural facilities including Melbourne’s leading contemporary art gallery, the Australian Centre for Contemporary Art. The National Gallery of Victoria, Australian Ballet Centre and the Melbourne Recital Centre are also located in Southbank.
Southbank is also the home of the Crown Entertainment Complex, which includes Melbourne’s only casino. The acclaimed venue also features the 5-star Crown Towers Hotel, scores of restaurants, fashion boutiques and a cinema complex. Next to Crown is the Melbourne Convention and Exhibition Centre, which both host hundreds of events each year.
The suburb’s reputation as one of Melbourne’s best lifestyle suburbs is further heightened by its proximity to some of Melbourne’s best parks and gardens, including the Royal Botanic Gardens. Thanks to strong public transport links, Southbank residents can also travel quickly to a number of other inner-city suburbs including South Melbourne, Port Melbourne and St Kilda.
The 2011 National Census showed that the vast majority (42%) of people residing in Southbank are professionals between the ages of 20-34 (58%) who live in rented apartments (58%).
The City of Melbourne forecasts that Southbank’s population will reach 32,000 by 2036. To meet the rising population’s need for green space, Melbourne City Council plans to create one of the city’s largest linear parks along Southbank Boulevard.
Last updated – November 2016