Banks of growth
FROM the Arts Centre spire to Eureka Tower, Southbank has loads of Melbourne landmarks.
Like the National Gallery of Victoria, the Australian Centre for Contemporary Art, Jeff ’s Shed and the flame-throwing pylons outside Crown Casino.
The suburb emerged opposite the river from Flinders St Station in the early 1990s with Southgate Shopping Centre and Southbank Promenade.
Since then, construction of thousands of apartments in the 1.7sq km area continues unabated, with more on the drawing board, including a new taker of the tallest building title, Australia 108 (right).
Southbank’s dwellings are almost exclusively apartments, from one-bedroom student spaces to luxury penthouses in the clouds.
CoreLogic RP Data records sales of existing properties, with some 540 in the past months achieving a median price of $561,000.
Southbank has a young resident population, including 15 per cent who are university students. But more than 33,000 people work in Southbank, with professional the most common occupation listed.