Price drops in Southbank
Listings for sale in Southbank, VIC 3006 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
131
32% of 407 live listings
Median cut
4.8%
$30K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
87 / 114
16 listings have raised instead
Southbank price-drop summary
131 listings in Southbank (32% of the 407 on the market) are advertised below an earlier asking price. The typical reduction is 4.8%, about $30K. Going the other way, 16 listings have raised the asking price.
Largest current cuts in Southbank
The 30 biggest of 131, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 1605w/11 Bale Circuit | $770,000 | $600,000 | -22.1% | 2 bed Apartment | |
| 3008/9 Power Street | $539,000 | $428,000 | -20.6% | 1 bed Apartment | |
| 9003/70 Southbank Boulevard | $8,000,000 | $6,700,000 | -16.3% | 3 bed Apartment | |
| 1905/25 Coventry Street | $1,550,000 | $1,300,000 | -16.1% | 2 bed Apartment | |
| 2907/70 Southbank Boulevard | $650,000 | $550,000 | -15.4% | 2 bed Apartment | |
| 3813/70 Southbank Boulevard | $700,000 | $600,000 | -14.3% | 2 bed Apartment | |
| 1312/81 City Rd | $920,000 | $790,000 | -14.1% | 2 bed Apartment | |
| 4506/245 City Road | $425,000 | $365,000 | -14.1% | 1 bed Apartment | |
| 703/102 Wells Street | $1,200,000 | $1,040,000 | -13.3% | 3 bed Apartment | |
| 401/11 Bale Circuit | $1,068,000 | $930,000 | -12.9% | 3 bed Apartment | |
| 7/86 Kavanagh Street | $830,000 | $730,000 | -12.0% | 3 bed Apartment | |
| 3504/135 City Road | $670,000 | $590,000 | -11.9% | 2 bed Apartment | |
| 2214/22 Dorcas Street | $450,000 | $400,000 | -11.1% | 1 bed Apartment | |
| 1705/18 Hoff Boulevard | $1,030,000 | $920,000 | -10.7% | 3 bed Apartment | |
| 105/33 Clarke Street | $295,000 | $265,000 | -10.2% | 1 bed Apartment | |
| 2802/8 Kavanagh Street | $1,200,000 | $1,080,000 | -10.0% | 2 bed Apartment | |
| 71/183 City Road | $1,100,000 | $990,000 | -10.0% | 3 bed Apartment | |
| 405E/18 Hoff Boulevard | $700,000 | $630,000 | -10.0% | 2 bed Apartment | |
| 3101/9 Power Street | $548,000 | $498,000 | -9.1% | 2 bed Apartment | |
| 906/31-33 City Road | $715,000 | $650,000 | -9.1% | 2 bed Apartment | |
| 3307/70 Southbank Boulevard | $660,000 | $600,000 | -9.1% | 2 bed Apartment | |
| 717/25 Coventry Street | $550,000 | $500,000 | -9.1% | 2 bed Apartment | |
| 3303W/42-48 Balston St | $396,000 | $360,000 | -9.1% | 1 bed Apartment | |
| 2805/180 City Road | $646,000 | $590,000 | -8.7% | 2 bed Apartment | |
| 1208B/56 Dorcas Street | $930,000 | $850,000 | -8.6% | 3 bed Apartment | |
| 1905/163 City Road | $600,000 | $549,900 | -8.3% | 2 bed Apartment | |
| 4403/1 Balston Street | $490,000 | $450,000 | -8.2% | 1 bed Apartment | |
| 1806/42-48 Balston Street | $570,000 | $525,000 | -7.9% | 2 bed Apartment | |
| 4207/1 Balston Street | $780,000 | $720,000 | -7.7% | 2 bed Apartment | |
| 2805/109 Clarendon St | $650,000 | $600,000 | -7.7% | 2 bed Apartment |
Suburb profile
Southbank market data
Median prices, rents, growth and vacancy for Southbank.
Sold prices
Recent sales in Southbank
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Southbank: common questions
How many properties in Southbank have had a price drop?
131 listings for sale in Southbank VIC 3006 are currently advertised below an earlier asking price, 32% of the 407 listings on the market. 87 of those cuts were recorded in the last 30 days and 114 in the last 90.
How much are Southbank sellers cutting their prices by?
The median cut is 4.8%, or $30K, measured from the previous advertised asking price to the current one on each listing.
How long are Southbank listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 131 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.