🏬 Mixed useResidential ApartmentCompleted 2017

Southbank Central Apartments

1-13 Balston Street, Southbank VIC 3006

  • 153 m tall Β· #14 in Southbank
  • 48 floors
  • 487 homes
  • 1 businesses
  • 258 car spaces

What's available here Add a listing link

Looking toIn this buildingArea guideSearch the building
Buyβ€”Unit median $580,000
Rentβ€”1-bed median $570/wk
Lease spaceβ€”β€”

Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.

8 years standing

Built in 2 yrs

  1. 2007Planning application
  2. Dec 2015Construction started
  3. By Dec 2017Completed
  4. TodayStill standing

13 building permits Β· 2 news storiesFull timeline ↓

About Southbank Central Apartments

Southbank Central Apartments is an apartment tower with 48 floors above ground and 487 homes. Developed by Central Equity and built by Multiplex, with bell+fisher architects as architect, construction began in 2015 and the tower was completed in 2017.

At a glance

Key facts

Building type
🏬 Mixed use
Completed
2017
Construction started
2015 Unconfirmed We don't have data to 100% confirm this data point as yet.
Height
148 m Unconfirmed We don't have data to 100% confirm this data point as yet. to the top
153 m Unconfirmed We don't have data to 100% confirm this data point as yet. to the roof
#14 of 190 in Southbank
Floors
48
Footprint
2,369 mΒ²
Homes
487
Architect
bell+fisher architects Unconfirmed We don't have data to 100% confirm this data point as yet.
Builder
Multiplex
Businesses
1
Car spaces
258
Strata plan
PS735895 Β· 779 lots
Planning zone
CCZ3
Permits on record
13

Score cards

πŸš† Transport5/10

Flinders Street Station 11 min walk Β· 2 tram stops within 400 m

β˜• Everyday amenities7/10

12 cafΓ©s, 4 grocers, 2 medical within 250 m

🌳 Greenery9/10

195 street trees within 150 m Β· park 42 m away

✨ Activity4/10

3,621 people pass daily nearby Β· 8 licensed venues within 200 m

Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.

Apartments

From the council's development record, so the built numbers may differ a little.

Studio10% of 557
1 bed33660% of 557
2 bed16930% of 557
3+ bed519% of 557

πŸš— 258 residential car spaces recorded at this property, about 0.5 per home. Which apartments have a space isn't recorded, so check the listing.

City of Melbourne Development Activity Monitor and off-street car parks, CC BY 4.0.

The building team

The people and companies behind the design, construction and management of Southbank Central Apartments.

πŸ—DeveloperCentral Equity2014–2017verified2014-2017 Β· Developer of Southbank CentralSource: Central Equity β†—
πŸ“Architectbell+fisher architectsreportedArchitect listed on Central Equity's Southbank Central project pageSource: Central Equity β†—
πŸ‘·BuilderMultiplex2015–2017verified2015-2017 Β· Appointed by Central Equity in November 2015Source: apartments.com.au (Urban content) β†—
πŸ“‹Leasing agentMICMreportedCurrent Β· Rental enquiries handled by MICM per the developer's Southbank Central pageSource: Central Equity β†—
🏷Sales agentCentral EquityreportedCurrent Β· Sales enquiries listed on the developer's Southbank Central pageSource: Central Equity β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
11 min Β· 841 m
πŸš†Flinders Street Railway Station
Train station
11 min Β· 895 m
πŸš‹City Rd/Kings Way #116
Tram stop
2 min Β· 145 m
πŸš‹Casino/Southbank/Queens Bridge St #115
Tram stop
4 min Β· 346 m
πŸš‹City Rd/Clarendon St #126
Tram stop
5 min Β· 403 m

Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.

Within a 3-minute walk

12β˜• CafΓ©s & eateries
4πŸ›’ Grocers
2πŸ‹οΈ Gyms
2🩺 Medical
0πŸ’Š Pharmacies
2🧸 Childcare
1🍷 Pubs & bars

Who lives in Southbank

Residents18,670
Median age31
Households renting64%
Households without a car35%
Walk to work35%
Public transport to work32%

ABS Census 2016 via City of Melbourne (CC BY).

Prices and rents around here

Suburb and area medians, not this building's prices.

Median unit price, Southbank$580,0002025 Β· -3.8% in a yearTrend since 2015
Yearly rent against price6.5%A $720/wk 2-bedroom rent for a year, against the $580,000 median unit priceBefore costs. Our estimate from two suburb medians, not advice.

Prices: Victorian Property Sales Report, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0.

Median weekly rents for new leases, Southbank

ApartmentMedian rentChange in a yearTrend since Mar 2016New leases
1 bedroom$570/wk+3.6%1,593 in the year to Sep 2025
2 bedroom$720/wk+2.9%2,385 in the year to Sep 2025
3 bedroom$1010/wk0.0%355 in the year to Sep 2025

Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.

Businesses in Southbank Central Apartments

1 businesses recorded in the City of Melbourne's latest business census.

Central Equity

Real Estate Services

Looking for space in Southbank Central Apartments?

We'll try to put you in touch with an agent, though we can't promise a reply.
Source: City of Melbourne Census of Land Use and Employment, CC BY 4.0.

Timeline

Everything that has happened at Southbank Central Apartments: listings, news, works, planning and history.

2026πŸ› 
Works
1 building permit Β· about $200k of new works
Largest: Chingu Korean BBQ - Change Of Use From Class 5 Office To Class 6 Restaurant
2019πŸ”„
Use change
Council census records it as residential apartment, 49 floors
Name recorded: Southbank Central Apartments
2019πŸ› 
Works
9 building permits Β· about $1.3m of new works
Largest: Soho Apartments - Change of Use - Tenancy 4
16 Dec 2017πŸ“°
News
Multiplex completes Southbank Central for Central Equity
Multiplex completed the 48-level Southbank Central tower for Central Equity, which the article describes as a $300 million residential project comprising 485 apartments over a six-level podium with retail, car parking, a pool and a gym. The article said the building was delivered on time.
By Dec 2017πŸŽ‰
Milestone Β· Completed
Southbank Central Apartments completed: 48 floors
Derived from apartments.com.au (The Urban Developer content)
Jul 2017πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
2017πŸ”„
Use change
Council census records it as unoccupied - under construction, 49 floors
2017πŸ› 
Works
19 certificates Β· about $150k of new works
Largest: Variation - Additional Hose Reel to Tenancies 3 and 4 - Conditional
2016πŸ› 
Works
1 building permit
Largest: Stage 12 - Facade Levels 1-17, Excluding WL-56/57 Curtain Wall - Conditional
By 2015βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Dec 2015πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
17 Nov 2015πŸ“°
News
Multiplex appointed to build 48-level Southbank Central tower
Central Equity appointed Brookfield Multiplex to build the 48-level, $130 million tower at 1-13 Balston Street, with 485 apartments and completion scheduled for the second half of 2017. The appointment was described as Brookfield Multiplex's 15th project for Central Equity.
2015πŸ› 
Works
2 building permits Β· about $149.0m of new works
Largest: Stage 3 - Pile caps, lower ground and ground slab, lift pit
2013πŸ“‹
First census
First council census entry: office, 2 floors
2007πŸ“
Milestone Β· Planning application
Planning application TPM-2007-21/B lodged
Derived from City of Melbourne Development Activity Monitor

Planning & heritage

Planning controls

ZoneCAPITAL CITY ZONE - SCHEDULE 3 (CCZ3)
DDO1Design and Development Overlay: limits on building height, setbacks and design
DDO10Design and Development Overlay: limits on building height, setbacks and design
LSIO4Land Subject to Inundation: mapped as at risk of flooding from rivers or the bay
PO1Parking Overlay: controls on how much car parking new development can provide

Vicmap Planning, Β© State of Victoria (Department of Transport and Planning), CC BY 4.0. Plain-English summaries are ours. Check the planning scheme for exact controls.

Subdivision & permits

Plan of subdivision
PS735895
Lots on the plan
779
Owners corporation
Yes (common property)
Building permits on record
13
Estimated cost of works
About $150.6m
2015New works by year (estimated)2026

Costs are estimates declared on permits, not amounts spent. Stages of a project repeat its value, so we group them and count each project once. A value can cover a project spanning several buildings. Our calculation from City of Melbourne building permits, CC BY 4.0.

History of the site

How it's been recorded over time

2013Office Β· 2 floors
2017Unoccupied - Under Construction Β· 49 floors
2019Residential Apartment Β· 49 floors Β· "Southbank Central Apartments"

City of Melbourne Census of Land Use and Employment, since 2002.

Community

What people say about Southbank Central Apartments in public forums and groups, and reviews left here.

Summaries describe what's discussed; they aren't our view or a statement of fact, and we don't name posters. The discussions belong to their sites.

Resident & tenant reviews

No reviews of Southbank Central Apartments yet. Be the first to tell future neighbours what it's like.

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Frequently asked questions

Is Southbank Central Apartments residential or commercial?

Southbank Central Apartments mixes homes and businesses under one roof. The City of Melbourne lists its main use as residential apartment.

When was Southbank Central Apartments built?

Southbank Central Apartments was completed in 2017.

How many floors does Southbank Central Apartments have?

Southbank Central Apartments has 48 floors above ground.

How many apartments are in Southbank Central Apartments?

Southbank Central Apartments has 487 homes. The national address file lists 521 unit addresses here, and some of those can be shops or offices.

What size apartments are in Southbank Central Apartments?

The City of Melbourne's development record lists 1 studio, 336 1 bed, 169 2 bed and 51 3+ bed apartments. The built numbers may differ a little.

Does Southbank Central Apartments have parking?

The City of Melbourne records 258 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

What do apartments cost near Southbank Central Apartments?

The median unit price in Southbank was $580,000 in 2025, from the Victorian Property Sales Report. That's for the whole suburb, not this building.

What businesses are in Southbank Central Apartments?

The latest council census counted 1 business in Southbank Central Apartments, including Central Equity.

Are there apartments for sale or rent in Southbank Central Apartments?

See the residential listings on this page, or use the shortcuts to search 1-13 Balston Street on realestate.com.au and Domain.

Is there office or retail space for lease in Southbank Central Apartments?

See the commercial listings on this page, or search this address on realcommercial.com.au and commercialrealestate.com.au.

Who designed and built Southbank Central Apartments?

Central Equity developed Southbank Central Apartments, bell+fisher architects designed it and Multiplex built it. The building team section has the sources.

How tall is Southbank Central Apartments?

About 153 metres, measured from the City of Melbourne's 3D building model. It's number 14 of 190 buildings in Southbank by height.

What public transport is near Southbank Central Apartments?

Flinders Street Station is the nearest train station, about 11 minutes' walk. The nearest tram stop is City Rd/Kings Way #116, about 2 minutes' walk.

What is the planning zone for Southbank Central Apartments?

The site is in the Capital City Zone - Schedule 3 (CCZ3).

Does Southbank Central Apartments have an owners corporation?

Plan of subdivision PS735895 has 779 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Southbank Central Apartments recently?

The City of Melbourne has issued 13 building permits for Southbank Central Apartments since 2015. The most recent was in January 2026.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Southbank Central ApartmentsMixed useβ€”482017
EpicResidential50 m392013
City TowerMixed use66 m382004
Melbourne TowerMixed use66 m382004
Victoria TowerResidential79 m302002
Southbank TowersMixed use148 m281997

That's Built compiles information from public records, research and contributions. Details are checked against multiple sources where possible but may contain errors and aren't professional advice. Sources: City of Melbourne building permits (CC BY 4.0), CLUE building information (CC BY 4.0), CLUE business establishments (CC BY 4.0), CLUE residential dwellings (CC BY 4.0), Development Activity Monitor (CC BY 4.0), Geocoded National Address File (G-NAF) (Open G-NAF EULA (CC BY 4.0 based)). Street View and business details Β© Google Maps.

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