The latest research from Southbank Cityscope shows property sales value have decreased in the past three months.

Sales recorded in the quarter to August 2019 totalled $343.4 million, a decrease from the $755.4 million recorded in the three months to May 2019 but an increase from the $194.4 million recorded in the three months to February 2019.

This data brings the 12 month total to $1.566 billion, an increase from the $1.407 billion recorded the same time last year.

The table below shows sales recorded for the past eight updates of Southbank Cityscope.

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Notable sales in the August 2019 update of Southbank Cityscope include:

  • The Eureka Skydeck at Eureka Tower, 7 Riverside Quay, Southbank
    Comprising of Lot 2R, a retail space on street level, lot S24 an entrance foyer on street level to Eureka Skydeck 88, lot 8801 an observation deck on level 88 and lot 8901 a function room on level 89, which was bought together for $50 million;
  • 94-100 Park Street, South Melbourne
    A 3 level brick and concrete building with a showroom at street level, and 10 on-site parks, built 1970. The building was extensively renovated with another level added in 2007 and has a net lettable area of 1,410 sqm, comprising 300 sqm showroom space on the ground level, 560 sqm office space on level 1 and 500 sqm office space on level 2, which was bought at auction for $8.088 million and
  • Unit 5002 at Southbank Place, 54-68 Kavanagh Street, Southbank
    A residential apartment on levels 50 and 51, which was bought for $2.975 million.
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Properties listed as for sale in August 2019 update of Southbank Cityscope include:

  • 293-297 City Road, Southbank
    Two buildings, constructed 1913 and 1958, refurbished 1979; plus a paved area to the south-east of the property. To Hancock Street, a windowless single-storey high clearance brick warehouse used as a customer car park with room for about 15 vehicles and to City Road, a two-storey brick office building with a ground-floor showroom and a combined gross building area of 1,353 sqm on a 1,279 sqm block, for sale as a development site through Vinci Carbone Property and
  • 51-65 Clarke Street, Southbank
    A three-storey concrete building, constructed in 1990, and fitted out in 1991 as laboratories and associated offices; has a building area of 2,871 sqm and total of 28 car parking spaces; for sale through Colliers International Melbourne.

Leasing opportunities listed in the August 2019 update of Southbank Cityscope include:


  • South Wharf Office Tower at 30 Convention Centre Place, South Wharf
    An A-grade 12-level office tower clad in black glass, completed in mid-2009. The building has basement parking for 404 vehicles and a net lettable area of 20,736 sqm, has whole office floor space ranging from 2,170 to 4,025 sqm, available through Colliers International Melbourne East and JLL Melbourne;
  • 151-153 Clarendon Street, South Melbourne
    A 3-storey brick office building with parking for about ten cars at the rear of the ground floor and building area of 710 sqm. The building which was originally constructed 1953, refurbished in 1987 and the building facade and interior was refurbished in 2007, and has the whole office building or individual floors of 315-710 sqm available through Lemon Baxter and
  • Holiday Inn Express Southbank development at 35-47 City Road, Southbank
    A 23-storey hotel building with 345 hotel rooms, ground floor retails plus three levels of office and three levels car parking, has retail space of 309 sqm and 38 sqm on ground and office spaces ranging from 172 to 1,416 sqm available for pre-lease through Knight Frank Melbourne and Savills Melbourne.