Palladium
245-251 City Road, Southbank VIC 3006
- 163 m tall · #12 in Southbank
- 52 floors
- 281 homes
- 178 car spaces
What's available here Add a listing link
| Looking to | In this building | Area guide | Search the building |
|---|---|---|---|
| Buy | — | Unit median $580,000 | realestate.com.au ↗domain.com.au ↗ |
| Rent | — | 1-bed median $570/wk | realestate.com.au ↗domain.com.au ↗ |
Area guides are suburb medians, not this building's prices. Each link opens a Google search limited to that site.
5 years standing
Built in 6 yrs 4 mths
- 2009Planning application
- Sep 2014Construction started
- 2021Completed
- TodayStill standing
8 building permitsFull timeline ↓
About Palladium
Palladium is a 52-storey residential apartment tower at 245-251 City Road, Southbank, with 281 homes. Salvo Property Group developed it, Squillace Architects designed it and Maxcon built it, and it was completed in 2021.
At a glance
Key facts
Score cards
Flinders Street Station 13 min walk · 4 tram stops within 400 m
11 cafés, 1 grocers, 1 medical within 250 m
125 street trees within 150 m · park 120 m away
3,621 people pass daily nearby · 4 licensed venues within 200 m
Calculated from PTV timetable stops, the City of Melbourne business census, street trees, pedestrian sensors and liquor licences.
Apartments
1, 2 and 3+ bedroom apartments. The council's record lists 371 homes against the 281 counted here, so it may cover more than one building.
🚗 178 residential car spaces recorded at this property. 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 Palladium.
Location & neighbourhood
Getting around
Train station13 min · 1074 m
Train station14 min · 1089 m
Tram stop1 min · 89 m
Tram stop2 min · 180 m
Tram stop4 min · 318 m
Straight-line walking estimate. Source: PTV GTFS, CC BY 4.0.
Within a 3-minute walk
Who lives in Southbank
ABS Census 2016 via City of Melbourne (CC BY).
Prices and rents around here
Suburb and area medians, not this building's prices.
Prices: Victorian Property Sales Report, © State of Victoria (Department of Transport and Planning), CC BY 4.0.
Median weekly rents for new leases, Southbank
| Apartment | Median rent | Change in a year | Trend since Mar 2016 | New 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/wk | 0.0% | 355 in the year to Sep 2025 |
Source: Homes Victoria Rental Report, CC BY 4.0. Area medians, not this building's rents.
Timeline
Everything that has happened at Palladium: listings, news, works, planning and history.
Planning & heritage
Planning controls
DDO1Design and Development Overlay: limits on building height, setbacks and designDDO10Design and Development Overlay: limits on building height, setbacks and designLSIO4Land Subject to Inundation: mapped as at risk of flooding from rivers or the bayPO1Parking Overlay: controls on how much car parking new development can provideVicmap Planning, © 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
- PS811538
- Lots on the plan
- 284
- Owners corporation
- Yes (common property)
- Building permits on record
- 8
- Estimated cost of works
- About $215.3m
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
City of Melbourne Census of Land Use and Employment, since 2002.
Community
What people say about Palladium 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 reviews
No reviews of Palladium yet. Be the first to tell future neighbours what it's like.
Reviews are checked before they're published. No one is named without permission.
Rate and review Palladium
Frequently asked questions
Is Palladium residential or commercial?
Palladium is a residential building. The City of Melbourne lists its main use as residential apartment.
When was Palladium built?
Palladium was completed in 2021.
How many floors does Palladium have?
Palladium has 52 floors above ground.
How many apartments are in Palladium?
Palladium has 281 homes. The national address file lists 284 unit addresses here, and some of those can be shops or offices.
What size apartments are in Palladium?
The City of Melbourne's development record lists 1 bed, 2 bed and 3+ bed apartments. The built numbers may differ a little.
Does Palladium have parking?
The City of Melbourne records 178 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.
What do apartments cost near Palladium?
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.
Are there apartments for sale or rent in Palladium?
See the residential listings on this page, or use the shortcuts to search 245-251 City Road on realestate.com.au and Domain.
Who designed and built Palladium?
Salvo Property Group developed Palladium, Squillace Architects designed it and Maxcon built it. The building team section has the sources.
How tall is Palladium?
About 163 metres, measured from the City of Melbourne's 3D building model. It's number 12 of 190 buildings in Southbank by height.
What public transport is near Palladium?
Flinders Street Station is the nearest train station, about 13 minutes' walk. The nearest tram stop is City Rd/Kings Way #116, about 1 minute's walk.
What is the planning zone for Palladium?
The site is in the Capital City Zone - Schedule 3 (CCZ3).
Does Palladium have an owners corporation?
Plan of subdivision PS811538 has 284 lots and common property, which means it is managed by an owners corporation.
Has any work been done on Palladium recently?
The City of Melbourne has issued 8 building permits for Palladium since 1996. The most recent was in November 2015.
Compare with nearby buildings
| Building | Type | Distance | Floors | Completed |
|---|---|---|---|---|
| Palladium | Residential | — | 52 | 2021 |
| MainPoint Melbourne Apartments | Residential | 31 m | 43 | 2012 |
| Platinum Apartments | Mixed use | 31 m | 54 | 2015 |
| Banque 88 | Residential | 76 m | 23 | 2016 |
| Bank Apartments | Mixed use | 93 m | 42 | 2011 |
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 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 © Google Maps.