Southbank has certainly come a long way since the early 1990s when its extreme transformation began, turning it from an unloved relic of our industrial past into the city’s entertainment hub.
Home to the Arts Center, the National Gallery of Victoria, the Melbourne Theater Company, the Malthouse Theater, the Australian Center for Contemporary Art, the Ian Potter Southbank Center – home to the new Melbourne Conservatorium of Music – and the Crown Casino, its attractions run the gamut from the sacred to the layman, while its multitude of apartment towers divide views like few other suburbs.
A population of 18,700 (at the 2016 census) crammed over 1.7 square kilometers makes it one of Australia’s densest suburbs. Its growth of 11,235 inhabitants recorded five years earlier also makes it one of the most dynamic – a trend that will only continue, with forecasts that the population is expected to exceed 50,000 by 2036.
Kind of a test for Australia’s apartment building boom, Southbank sums up the good, the bad and the ugly. Attractive for people who want to live in the city without actually living in the city.
Critics point to wind tunnels and streets dominated by cars, making them hostile to pedestrians. The quality of construction is another contested point even though agents say homeowners are on the rise thanks to an increase in the quality of apartments.
Bodes are good for Southbank. Melbourne City Council’s planning checks aimed at strengthening its cultural credentials will force future developments to include arts and cultural uses on the first four floors.
Last year, $ 35 million was allocated to create 2.5 hectares of new public space, much of it in front of ABC Studios.
Almost as exciting, the first real supermarket is set to open in late 2020, with the completion of Melbourne Square’s first stop.
For sale in Southbank right now.
706W / 93-119, rue Kavanagh, south shore VIC 3006
2 Thermal baths–
Part of the complex-style enclave of Melbourne Square in progress, this three-bedroom apartment is a bustling city retreat outside. Designed by Cox Architecture with interiors by Carr, its magnificent views and luxury amenities evoke a sense of grandeur and space. Featuring a lavish lobby and dedicated concierge service, it’s part of a spacious, hotel-like downtown sanctuary with shared facilities including a swimming pool on the 54th floor.
Agent: CBRE, Andrew Leoncelli 1300 888 770