Southbank
A
331/88 Kavanagh Street, Southbank 3066
South bank is a highly dense area and as a result the housing units in this area are quite dissimilar to that of south eastern suburbs.
Since south bank is a high dense area this means there would be a lot of apartments instead of houses. The price range of houses there are about 500,000 to 600,000 thousand dollars. This means south bank is quite new was the apartments are quite expensive but it is 1km away form the cbd meaning it is very convenient for people to get to work and other places in the city. Despite being dominated by modern apartments and office towers, south bank has a significant number of heritage buildings in the arts precinct, on the eastern end and along St Kilda rode, which includes the Victorian arts centre and also the national gallery of Victoria.
In 2011 it was recorded that 11,235 people were living in south bank 5,826 were male and 5,409 were female the median age was 29 years old. There were 2,510 families and the average child per family was 1. The average people per household was 2 meaning south bank is a place for married or engaged couples to stay where they can afford the price of the apartment and must be very close to work.
The average weekly income for people in south bank was 982 dollars. Dwarfing the national average income is 577 dollars per week. In addition, 18.8 per cent of households in South bank had a combined income of over $3000 per week, compared with the national figure of 11.2 per cent.
Despite this higher income, South bank dwellers are happier to rent their accommodation than the rest of the country. Some 58.4 per cent of residents are renting, compared with 29.6 per cent nation-wide. The median age in south bank is 29.