🏬 Mixed useResidential ApartmentCompleted 2019

Southbank Place Apartments

54-68 Kavanagh Street, Southbank VIC 3006

  • 167 m tall Β· #10 in Southbank
  • 52 floors
  • 597 homes
  • 2 businesses
  • 356 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.

7 years standing

Built in 4 mths

  1. 2014Planning application
  2. Mar 2019Construction started
  3. By Jul 2019Completed
  4. TodayStill standing

8 building permits Β· 2 news storiesFull timeline ↓

About Southbank Place Apartments

Southbank Place Apartments is a 52-storey apartment tower with 597 homes, ranked ninth of 188 Southbank buildings by measured roof height. Completed in 2019, it was developed by Central Equity, designed by bell+fisher architects and built by Multiplex.

At a glance

Key facts

Building type
🏬 Mixed use
Completed
2019
Height
166 m Unconfirmed We don't have data to 100% confirm this data point as yet.
#10 of 190 in Southbank
Floors
52
Footprint
2,402 mΒ²
Homes
597
Architect
bell+fisher architects
Builder
Multiplex
Businesses
2
Car spaces
356
Strata plan
PS745414 Β· 667 lots
Planning zone
CCZ3
Permits on record
8

Score cards

πŸš† Transport7/10

Flinders Street Station 8 min walk Β· 4 tram stops within 400 m

β˜• Everyday amenities6/10

15 cafΓ©s, 7 grocers, 2 medical within 250 m

🌳 Greenery10/10

232 street trees within 150 m Β· park 202 m away

✨ Activity3/10

1,845 people pass daily nearby Β· 7 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.

1 bed16728% of 597
2 bed33957% of 597
3+ bed9115% of 597

πŸš— 356 residential car spaces recorded at this property, about 0.6 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 Place Apartments.

πŸ—DeveloperCentral Equity2019verified2019 Β· Developer of Southbank PlaceSource: Apartments.com.au (Urban listing) β†—
πŸ“Architectbell+fisher architectsverifiedArchitects credited on the projectSource: Central Equity β†—
πŸ‘·BuilderMultiplexverifiedBuilder for the tower, delivered as Multiplex's project for Central EquitySource: Central Equity β†—
πŸ—‚Owners corporation managerMICMreportedCurrent Β· Building management services for the strata-titled towerSource: MICM β†—
+Were you involved?Builders, architects, developers and managers can claim their role

Location & neighbourhood

Getting around

πŸš†Flinders Street Station
Train station
8 min Β· 648 m
πŸš†Flinders Street Railway Station
Train station
9 min Β· 703 m
πŸš‹Arts Precinct/Sturt St #17
Tram stop
4 min Β· 304 m
πŸš‹Casino/Southbank/Queens Bridge St #115
Tram stop
4 min Β· 314 m
πŸš‹Grant St/Sturt St #18
Tram stop
4 min Β· 317 m

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

Within a 3-minute walk

15β˜• CafΓ©s & eateries
7πŸ›’ Grocers
2πŸ‹οΈ Gyms
2🩺 Medical
0πŸ’Š Pharmacies
4🧸 Childcare
0🍷 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 Place Apartments

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

Malay Momma

Cafes and Restaurants

Your Serviced Laundrette

Laundry and Dry-Cleaning Services

Looking for space in Southbank Place 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 Place Apartments: listings, news, works, planning and history.

2021πŸ› 
Works
2 building permits and 3 certificates Β· about $8k of new works
Largest: Apartment alterations work - Unit 208
By 2019βœ…
Milestone Β· Approved
Planning permit granted (exact date not recorded)
Derived from City of Melbourne Development Activity Monitor
Jul 2019πŸ“°
News
Southbank Place completed and ready for occupation
The Melburnian reported that the 52-level Southbank Place tower at the corner of Power and Kavanagh Streets had been officially completed the previous month. The building, designed by Bell Fisher Architects, was described as the first completed project in developer Central Equity's "next generation" apartment line.
By Jul 2019πŸŽ‰
Milestone Β· Completed
Southbank Place Apartments completed: 52 floors
Derived from The Melburnian (Southbank Local News)
Mar 2019πŸ—
Milestone Β· Construction started
First major construction permit issued
Derived from City of Melbourne building permits
Mar 2019πŸ”‘
Milestone Β· First occupants
First occupancy permit issued
Derived from City of Melbourne building permits
2019πŸ”„
Use change
Council census records it as residential apartment, 53 floors
Name recorded: Southbank Place Apartments
2019πŸ› 
Works
1 building permit and 14 certificates Β· about $220.6m of new works
Largest: Stage 12 - Facade level 9 gym and levels 40 to 53 and roof.
Aug 2018πŸ“°
News
Southbank Place progressing towards completion (August 2018 construction overview)
A construction overview of Southbank's towers reported that Southbank Place, at the corner of Power and Kavanagh Streets, was progressing rapidly and was well beyond the halfway point of construction.
2017πŸ”„
Use change
Council census records it as unoccupied - under construction, 1 floors
2016πŸ› 
Works
1 building permit Β· about $600k of new works
Largest: Demolition
2014πŸ“
Milestone Β· Planning application
Planning application TPM-2014-42 lodged
Derived from City of Melbourne Development Activity Monitor
2011πŸ”„
Use change
Council census records it as unoccupied - unused, 2 floors
2008πŸ› 
Works
1 certificate Β· about $16k of new works
Largest: Office partition alterations Level 1 for BP Elite
2002πŸ› 
Works
1 building permit Β· about $79k of new works
Largest: Level 1 - Office Fitout
2002πŸ“‹
First census
First council census entry: office, 2 floors
2001πŸ› 
Works
1 building permit Β· about $7k of new works
Largest: Office alterations to ground floor of existing building
2000πŸ› 
Works
2 building permits and 1 certificate Β· about $119k of new works
Largest: Alterations - lift and stair installation.
1999πŸ› 
Works
1 certificate Β· about $600k of new works
Largest: Tenancy fitout on level 1
1995πŸ› 
Works
1 certificate Β· about $3k of new works
Largest: Alterations to existing building

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
DDO27Design 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
PS745414
Lots on the plan
667
Owners corporation
Yes (common property)
Building permits on record
8
Estimated cost of works
About $222.0m
1995New works by year (estimated)2021

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

2002Office Β· 2 floors
2011Unoccupied - Unused Β· 2 floors
2017Unoccupied - Under Construction Β· 1 floors
2019Residential Apartment Β· 53 floors Β· "Southbank Place Apartments"

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

Community

What people say about Southbank Place 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 Place Apartments yet. Be the first to tell future neighbours what it's like.

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Frequently asked questions

Is Southbank Place Apartments residential or commercial?

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

When was Southbank Place Apartments built?

Southbank Place Apartments was completed in 2019.

How many floors does Southbank Place Apartments have?

Southbank Place Apartments has 52 floors above ground.

How many apartments are in Southbank Place Apartments?

Southbank Place Apartments has 597 homes. The national address file lists 639 unit addresses here, and some of those can be shops or offices.

What size apartments are in Southbank Place Apartments?

The City of Melbourne's development record lists 167 1 bed, 339 2 bed and 91 3+ bed apartments. The built numbers may differ a little.

Does Southbank Place Apartments have parking?

The City of Melbourne records 356 residential car spaces at this property. Which apartments have a space isn't recorded, so check the listing.

What do apartments cost near Southbank Place 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 Place Apartments?

The latest council census counted 2 businesses in Southbank Place Apartments, including Malay Momma and Your Serviced Laundrette.

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

See the residential listings on this page, or use the shortcuts to search 54-68 Kavanagh Street on realestate.com.au and Domain.

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

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

How tall is Southbank Place Apartments?

About 167 metres, measured from the City of Melbourne's 3D building model. It's number 10 of 190 buildings in Southbank by height.

What public transport is near Southbank Place Apartments?

Flinders Street Station is the nearest train station, about 8 minutes' walk. The nearest tram stop is Arts Precinct/Sturt St #17, about 4 minutes' walk.

What is the planning zone for Southbank Place Apartments?

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

Does Southbank Place Apartments have an owners corporation?

Plan of subdivision PS745414 has 667 lots and common property, which means it is managed by an owners corporation.

Has any work been done on Southbank Place Apartments recently?

The City of Melbourne has issued 8 building permits for Southbank Place Apartments since 2000. The most recent was in March 2021.

Compare with nearby buildings

BuildingTypeDistanceFloorsCompleted
Southbank Place ApartmentsMixed useβ€”522019
Yarra Condos ApartmentsResidential50 m202000
Southbank GrandMixed use56 m442015
WRAP ResidenceHotel69 m432014
SentinelResidential90 m342002
Australia 108Residential101 m1012020
Southbank CondosResidential99 m251999

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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