Southbank

Southbank, along the southern bank of the Yarra River, includes the Crown Casino Complex, Southbank arts precinct and high density residential developments. Arts and recreation services and accommodation and food services jobs make up almost 35% of all employment. Accounting and advertising firms are also an important part of the local economy, with professional, scientific and technical services employing 7,143 workers. One third of all floorspace in Southbank is for accommodation and nearly a quarter for car parking. Between 2002 and 2015 accommodation (including private and commercial) almost tripled in area.

Headline Statistics

45,336

Local Jobs

950

Establishments

$535

Median Rental Price

Floor Space in Southbank

The pie chart below provides a breakdown of floor space (both occupied and unoccupied) in Southbank at 2018.

The chart below shows the change in floor space (both occupied and unoccupied) in Southbank between 2002 and 2018.

Detailed Data Tables

The table below provides further detail regarding the mix of floor space in Southbank.

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Category Floor Space (Sqm)
Educational/ Research 51,419
Performances, Conferences, Ceremonies 106,671
Entertainment/ Recreation 212,634
Storage/Wholesale 14,230
Accommodation 1,574,672
Manufacturing 22,866
Hospital/ Clinic 0
Retail 147,393
Parking 1,094,690
Open space 424,394
Community use 5,162
Public display areas 105,336
Office 644,942
Equipment installation 46,813

The table below provides detail regarding the quantity of floor space by year ( 2002- 2018) in Southbank.

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Year Floor Space (Sqm)
2002 2,554,413
2004 2,768,666
2006 3,212,216
2008 3,347,142
2010 3,347,325
2012 3,777,604
2014 3,957,220
2016 4,218,570
2018 4,451,222
Industries by Employment ( 2018)
The graph below shows the industries located in Southbank, ordered by the number of jobs in each industry at 2018.
Change in Local Jobs (2002 to 2018)
The graph below details the number of employees in Southbank over time. The graph provides an insight into how industry has grown or declined in the local area over the last decade.
Detailed Data Table

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Industry Name 2002 2004 2006 2008 2010 2012 2014 2016 2018
Other Services 306 313 348 292 292 666 629 574 622
Arts and Recreation Services 9369 10329 11311 9775 9775 8578 8408 8291 9203
Health Care and Social Assistance 338 569 485 575 575 339 378 478 703
Education and Training 934 1519 1041 481 481 1430 786 795 717
Public Administration and Safety 2529 2363 2557 2757 2757 2142 1996 2087 2723
Administrative and Support Services 1146 967 2045 1516 1516 1127 850 874 1272
Professional, Scientific and Technical Services 2702 2389 4788 5019 5019 7412 7436 7138 7713
Rental, Hiring and Real Estate Services 1447 592 606 639 639 581 418 441 533
Financial and Insurance Services 987 432 686 792 792 915 1084 1186 1360
Information Media and Telecommunications 4483 4902 3770 4347 4347 2866 2603 2324 2512
Transport, Postal and Warehousing 282 277 275 249 249 625 748 680 782
Accommodation and Food Services 2508 2627 3380 3121 3121 4124 6259 6296 6123
Retail Trade 839 856 889 957 957 1663 1974 1936 2078
Wholesale Trade 205 399 403 190 190 822 1199 1580 1026
Construction 189 239 246 321 321 624 785 826 867
Electricity, Gas, Water and Waste Services 190 82 456 519 519 624 658 551 818
Manufacturing 2123 2481 3384 4234 4234 5128 4554 3850 4226
Mining 1014 1049 935 1001 1001 1160 1633 1587 1727
Agriculture, Forestry and Fishing 160 138 184 136 136 241 229 334 331

Southbank Residential Rental Market

Residential Rental Prices (Per Week)

The chart below shows the median rental price for all dwellings in Southbank from June 2009.

The green band shows the price range of the middle 50% of rental properties in the area (also referred to as the interquartile range of rental prices). It provides an indication of the spread of rental prices in Southbank.

Residential Rental Volumes

The chart below shows the number of new leases that commenced in Southbank annually.

Detailed Data Table

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Period Year Median Price Rental Volume (Commencing Leases)
March 2008 450 1297
June 2008 460 1309
September 2008 475 1253
December 2008 480 1259
March 2009 495 1237
June 2009 500 1233
September 2009 500 1381
December 2009 500 1433
March 2010 510 1579
June 2010 510 1593
September 2010 520 1561
December 2010 520 1578
March 2011 515 1584
June 2011 520 1607
September 2011 530 1551
December 2011 530 1610
March 2012 530 1627
June 2012 530 1657
September 2012 528 1682
December 2012 528 1706
March 2013 525 1967
June 2013 510 2432
September 2013 500 2746
December 2013 500 2766
March 2014 500 2652
June 2014 500 2402
September 2014 510 2594
December 2014 510 2777
March 2015 520 2902
June 2015 520 2896
September 2015 525 2718
December 2015 520 2847
March 2016 530 3092
June 2016 530 3224
September 2016 535 3310