Home/Properties/Southbank/2601W/48 Balston Street

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2601W/48 Balston Street

Southbank, VIC 3006, Australia

2 bed 0 bath 0 car61m²

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Photos via the original listing. All photographs remain the property of their respective owners.

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AI Valuation Estimate

$432,400 – $487,600

Based on recent comparable sales in Southbank

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Property Insights

Multi-dimensional analysis · last updated 07/05/2026

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Schools

7 nearby schools

Catchment: Southbank Primary School

Zoning

GRZ1 — General Residential Zone

Melbourne Planning Scheme

Public transport

10 stops within 1.5km

Nearest: City Road/Queens Bridge Street (0.3km)

Traffic

Moderate congestion

Morning (7-9am) and evening (5-7pm) peak hours see increased congestion on St Kilda Road and arterial connections to the CBD. Local street traffic can be heavy, though the Southbank precinct generally experiences smoother flow than central CBD areas.

Flood risk

Medium

Southbank is adjacent to the Yarra River and falls within mapped flood-prone areas under Victoria's planning overlays. The precinct has documented flood risk from Yarra River inundation during major events, necessitating strict compliance with the Land Subject to Inundation Overlay. Properties here require flood-conscious design and elevated finished floor levels to meet planning and building standards.

Bushfire risk

None

Southbank is a dense, inner-urban suburb of Melbourne located on the Yarra River's south bank, well within the metropolitan area and remote from bushland interfaces. Properties in Southbank are not mapped within the Bushfire Prone Area (BPA) or subject to the Bushfire Management Overlay (BMO) under Victoria's planning scheme. No bushfire risk assessment or BAL rating is required for this location.

Crime profile

above average

Trend: stable

Nearby development

6 projects nearby

Southbank remains Melbourne's premier urban renewal precinct with continuous mixed-use development, cultural infrastructure investment, and residential intensification along the Yarra River. The area experiences strong development pressure driven by its proximity to the CBD, established cultural institutions, and waterfront positioning. Activity is characterized by high-rise residential approvals, public realm upgrades, and heritage-sensitive integration with existing arts and entertainment facilities.

Heritage

Heritage listed

Southbank is a significant cultural and heritage precinct in inner Melbourne, dominated by major state and national institutions established in the 1980s-2000s. The area is subject to heritage overlays protecting its cultural landscape, public spaces, and architectural heritage. Individual residential properties are less commonly individually heritage-listed, but the suburb operates under strict heritage guidelines affecting development and streetscape character.

Sources: Australian Gov open data + StMate AI

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