# Southbank, Melbourne — Class A submarket

> Southbank is a prime-tier Class A submarket of Melbourne with average asking rent around A$750/sqm/yr · ≈ $45.3 PSF/yr USD.

**Canonical URL:** https://classa.info/cities/melbourne/southbank
**Page type:** neighborhood
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Mixed-use trophy across the Yarra.
- Prime tier — ~A$750/sqm/yr.
- Active Class A leasing market with deal flow across major broker desks.

## Key facts
- **city**: Melbourne
- **neighborhood**: Southbank
- **tier**: prime
- **averageRentLocal**: A$750/sqm/yr · ≈ $45.3 PSF/yr USD

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Citation: Source: Class A Atlas (https://classa.info/cities/melbourne/southbank), updated 2026-04-15T00:00:00.000Z.