Southbank has a high violent crime rate and a high property crime rate for Melbourne.
The small neighborhood of Southbank rests along the Yarra River and feels like a shinier extension of the Melbourne CBD. This urban area has seen an increase in residents in the last 10 years. Most people live in new highrises, but there are still a significant amount of heritage buildings left in the Arts precinct along St. Kilda Road and on the eastern end. Residents have their pick of transportation options to the CBD, but most elect to walk since it's jst across the river.
In the evenings and on weekends, Southbankers visit the Southbank Promenade for world-class shopping, dining, and entertainment. The Promenade offers spectacular city views along the waterfront, where couples stroll passed cafes, art centers, and the occasional street performer.
Many people choose to live in Southbank because of its cultural venues like the Melbourne Recital Centre, National Gallery of Victoria, Malthouse Theatre and Australian Centre for Contemporary Art.
Southbank has a mixture of Victorian timber cottages and modern high-rises. Rent and mortgages are more expensive than in neighboring suburbs, but the neighborhood's rich history, artistic heritage, and growing appeal have made it one of the most desirable places to live in the city.
Southbank is bordered on the north by the Yarra River, on the east by the Kings Domain parklands, on the south by South Melbourne, and on the west by Port Melbourne.
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