The life and soul of Southbank is the affluent, buzzing Southbank Promenade. This path stretches along the south side of the Yarra River from the popular Southgate shopping and dining complex to the glittering Crown Casino.
The promenade is packed with cafes, shops and restaurants, with a sprinkling of upmarket hotels, major offices, public art and swish new apartments. The variety, and splendid city views, make it the perfect place for locals and visitors to drink, dine, stroll, and watch the occasional street performer.
Southbank is an important cultural hub that includes the Melbourne Arts Centre, Concert Hall, Melbourne Recital Centre, National Gallery of Victoria, the Malthouse Theatre, the Australian Centre for Contemporary Art and Victorian College of the Arts. It also includes the Melbourne Exhibition Centre (informally known as Jeff’s Shed after a former premier) and the Polly Woodside Maritime Museum.
Significant and rapid residential development has occurred in Southbank in recent years, with the population skyrocketing. The vast majority of residents live in high rise apartments, the tallest of which is the 300m tall Eureka Tower. The 92-level tower is one of the world’s tallest residential buildings.
In May, 2008 the Victorian Government created the new suburb place and name ‘South Wharf’, in the western end of Southbank. It encompasses the Melbourne Exhibition Centre and the Polly Woodside Maritime Museum.
South Wharf has no residential population, but it includes a small economy and business sector with some employment. It is still an area predominantly under development which will eventually add another convention centre, a hotel and significant retail.
Want to rent or buy in Southbank? Contact us today.