ADDRESS | 41-49 Bank Street, South Melbourne, Victoria, Australia 3205
DEVELOPER | Virgate Property Group
ARCHITECT AND INTERIOR DESIGNER | Bruce Henderson Architects
INTERIOR DESIGNER | COMMUNAL AREAS | SJB Interiors
BUILDER | TBA
PRODUCT TYPE | 164 Apartments Over 20 Residential Levels
PRODUCT MIX | 1, 2 and 3 Bedroom Apartments. Full Level Penthouse Options Available.
AMENITIES | Yoga Room, Resident’s Dining Room and Outdoor Terrace
ESTIMATED COMPLETION | Early 2021
1300 850 827
domain House apartments
South Melbourne is an inner Melbourne suburb with its own character, well linked to the activity on offer in the CBD, Southbank and Docklands as well as Port Phillip Bay beaches.
South Melbourne has experienced steady population growth, with an annualised growth rate of 2.6% between 2001 and 2016. As of 2016, 12,200 residents lived in South Melbourne. The population is expected to increase, with official forecasts predicting a population of 22,000 residents in 2031, growing at a rate of 4.0% per annum.
Residents of South Melbourne typically exhibit several key demographic characteristics that differentiate it from Greater Melbourne. These include a younger demographic, higher incomes, a greater proportion of white collar workers and households renting. South Melbourne is dominated by younger professionals, resulting in a lower proportion of families with children than average and a smaller average household size of 2.0 persons compared to the Melbourne average of 2.7. Households earning over $130,000 per year are more common in South Melbourne, making up 16 percentage points more households than that across Greater Melbourne. This is likely in part due to the larger share of white collar workers in South Melbourne.
South Melbourne is set to benefit from significant infrastructure investment, such as ANZAC Station, providing an underground rail connection into Melbourne's CBD from the intersection of St Kilda Road and Park Street.
2.6km South of Melbourne CBD