ARE Property (Melbourne)
living on the doorstep of melbourne art precinct
southbank
information
VERDE
Most vibrant hub for locals and visitors alike
Southbank is an inner urban neighbourhood of Melbourne, Australia, located 1km south of the Melbourne CBD. It is one of the primary business center in Greater Melbourne, as dominated by modern high-rise apartments and office towers, including some of Australia's tallest buildings, such as Australia 108 Skyscraper and the Eureka Tower.
Southbank Promenade, Southgate Restaurant and Shopping Precinct, on the southern bank of the Yarra River, extending to Crown Casino, is one of the Melbourne's major entertainment precincts. There have a lot of hotels, restaurants, cafes, shops and also come across with public arts display and street performer, which make Southbank a popular place for local and visitor alike.
With its convenient location, lively atmosphere, and stunning views, Southbank has become a popular choice for young professionals and students that looking lives with vibrant inner-city lifestyle.
World Class Arts Precinct
Southbank is home to National Gallery of Victoria, the Arts Centre and Hamer Hall, as well as the Melbourne Theatre Company and Melbourne Recital Centre. Around the corner is the Australia Centre for Contemporary Art and the Malthouse Theatre. It provides convenient and unique cultural experience for art enthusiasts.
Connectivity in Southbank
Flinder Street Railway Station
Southbank was surrounded by several public transport hubs, commuters can enjoy less hassle and quick journeys. The iconic Flinders Street Railway Station is within walking distance and serves the entire metropolitan rail network at a central location.
Less than 2 km away, the Southern Cross Railway Station has 16 platforms with trains following both metropolitan and regional lines. Trams are also running regularly with stops at Sturt Street and City Road.
Scenic Riverfront
Southbank located along the Yarra River provides beautiful waterfront views and a picturesque setting. The riverbanks are lined with parks, promenades, and dining options, making it popular spot for both local and tourists to relax and enjoy the scenery.
Infrastructure Investment
Melbourne Metro Rail Project: Anzac Station (500m from Verde)
A $11 billion Australian Dollar Metro Tunnel project and expected to commence operation in 2025.
Located on St Kilda Road and Park Street, adjacent to the Domain Interchange, the station will service the Shrine of Remembrance, the bustling St Kilda Road office precinct, the Royal Botanic Garden and Melbourne Grammar School.
In future, Anzac Station will eventually have a direct link to Melbourne Airport via Melbourne Airport Rail.
Melbourne Art Precinct Transformation
Victoria Government is investing $1.7 billion to transform the Melbourne Arts Precinct into one of the great creative and cultural destinations in the world.
The Melbourne Arts Precinct transformation project will deliver: NGV Contemporary Galley, 18,000 square metres public parkland, more space for outdoor art and performances, new restaurants and bar spaces and more.
Property Market Trend
Median Unit Price in Central Melbourne: $1,180,000
3 Year Total Growth Rate: 15.3%
Source: Urbis Apartment Essentials
Apartment Demand: In 2021, Southbank was ranked one of the top Melbourne suburb searches for apartment listing. With the emergence of redevelopment and infrastructure projects in the area, Southbank is potentially more desirable than neighbouring suburbs due to its level of connectivity. This is anticipated to drive an increasing level of apartment demand in this region.
The Future of Apartment Living in Melbourne
As house prices in Melbourne continue to rise, apartment living is emerging as a viable and attractive alternative. Especially in established inner-city suburbs like Southbank.
Here’s why:
1. Affordability: Apartments offer a more affordable entry point into the property market, making them accessible to a broader range of buyers, including young professionals and first-time homeowners.
2. Convenience and Low Maintenance: Modern apartments provide a low-maintenance lifestyle, ideal for busy individuals and families. High-quality finishes, contemporary designs, and state-of-the-art facilities ensure comfort and convenience.
3. Sustainability: Many new apartment developments prioritize sustainability, incorporating energy-efficient systems, green spaces, and eco-friendly materials. This aligns with the growing demand for environmentally conscious living.
4. Community Living: Apartment complexes often feature communal spaces such as rooftop gardens, gyms, and lounges, fostering a sense of community and social interaction among residents.
Demographic
Total Population: At the time of the 2021 Census, Southbank had a population of 22,631 with a median age of 31 years old.
Household type: Residents in Southbank are typically young, couple families, with 68% without children from a diverse range of ethnicities, predominantly being Australian, Chinese, English, India and Irish.
Key Location:
Melbourne Art Precinct
Australia Centre for Contemporary Art (350m)
Malthouse Theatre (500m)
National Gallery of Victoria (1km)
Melbourne Art Centre (1km)
Recreational and Green Spaces
Royal Botanic Garden (1km)
Queen Victoria Garden (1km)
Albert Park (2km)
Fawkner Park (2km)
Amenities
South Melbourne Market (1km)
Crown Melbourne (1.5km)
DFO South Wharf (2km)
Queen Victoria Market (3km)
Education and Medical Institutions
University of Melbourne:
Southbank Campus (650m)
Melbourne Grammar School (1km)
The Alfred Hospital (2.5km)
RMIT University (3km)
Transportation
Light Rail Tram Station (150m)
Serving tram route 58, 3/3A, 5, 6, 16, 64, 67, 72
Connecting the CBD with major southern and eastern residential areas.
Flinder Train Station (1.5km)
One of the most important train interchange stations. Connecting the CBD to various areas in Melbourne.
Connectivity to Major Education Institution
Artist's Impression of Verde
Resident Lobby
Library
Terrace Garden
Cafe
Interior Design
Living Room
Bathroom
Kitchen
Bedroom
Reason to buy at Verde
Convenient Location: Verde in Southbank's new icon at the centre of the best Melbourne has to offer. With public transport, art and design, food and drink, along with a location in the middle of Southbank's dazzling arts precinct. Verde is in walking distance to everything, including cafes, bars, shopping, expansive parklands, bay, beaches and multiple transport options.
Leading Education Institution: Located near some of the Melbourne's highest-ranking schools and universities. Verde offers residents unprecedent access to Australia's top education institution. Home situated near reputable schools are often coveted by property buyers and have shown higher occupancy rate.
Investment Opportunities: Verde presents a unique opportunity to buy in a location benefiting from ongoing state and federal government infrastructure investments, including first metro tunnel in Melbourne and redevelopment of Melbourne Art Precinct.
Living lifestyle: Living in the prestigious arts precinct, Verde residents will enjoy the best of Melbourne's world class arts scene. Within easy walking distance from galleries, theatres, performances and exhibitions. Resident can enjoy various cultural activities, exhibitions and musical performances that occurring in the National Gallery of Victoria, Arts Centre Melbourne and Sidney Myer Music Bowl.
Recommended Units
One Bedroom Units (From $605,000)
14.05
1 Bed, 1 Bath
1 Storage
Internal Size: 47.9m² (516sqft)
External Size: 5.9m² (64sqft)
Total Area: 53.8m² (579sqft)
Price: $605,000
CLICK LINK FOR INFORMATION
Floor Plan
Two Bedroom Units (From $781,000)
5.06
2 Bed, 1 Bath
1 Storage
Internal Size: 58.5m² (630sqft)
External Size: 5.6m² (60sqft)
Total Area: 64.1m² (690sqft)
Price: $781,000
CLICK LINK FOR INFORMATION
Floor Plan
2.08
2 Bed, 2 Bath
1 Storage
Internal Size: 65.4m² (704sqft)
External Size: 6.3m² (68sqft)
Total Area: 71.7m² (772sqft)
Price: $809,000
CLICK LINK FOR INFORMATION
Floor Plan
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