Whats the re-sale value and growth potential like in Southbank?

The resale value/capital growth potential in southbank is very good in the medium term ( approx 5 yrs) and long terms ( 10yrs or so). The potential is even greater if held for longer periods. The reasons are:
1. Great convenient location. Location, location, location is what matters.
2. High migration levels [ local and international]
3. Government investing heavily in improving southbank [ see southbank 2030 plan]
4. Although there is a lot of new building these days, in the future [ 3+ yrs} there cannot be- land has been largely taken up and the lack of it will keep a lid on supply; all relating to an increase in prices in the future.
5. Because of the above , now is a good time to buy with new developments giving choice [ although id recommend going for an established apt- 3 bedrooms, 2 bath and 1 car spot] with decent room.
6. Easy to rent it out- always in demand due to location, and rents are fairly high in that area too. In fact, rents there are increasing, so it pays to be an owner there.
6. Melbourne economy is strong and has all the fundamentals in place to be stronger in the future- many jobs, diversified industries, good education and healthcare facilities, easy to live, and relatively low levels of crime in southbank.

Overall, look for something that offers:
1. Location
2. Size
3. Utility [ number of bedrooms, bathrooms, balcone, car spaces etc...]

And remember, any realestate is a medium to long term purchase. Need to hold onto it for at least 5 yrs before selling it.

Thanks for you feedback and comments.
I am still considering this area but looking
Around Sturt Street now apposes to mega
Complexes on City Road. Might look at low rise
Building

I agree you may be better looking at small-medium sized buildings. Usually they have lower body corp rates as well because they wont have all the flashy new facilities and thus cost less to maintain.

In addition to sturt st, id look at summit apartments in city rd. I think they have about 24 floors so not a mega complex, and their body corp rates are much lower than than the newer ones. I dont remember exactly, but i think the building is about 12 yrs old, but well kept and fairly large in size [ sq meters of floor space]. Generally, city rd gets a higher rental price than sturt st as well. Keep that in mind if you wish to rent it out.

I recommend the summit because its one of the very very few medium sized buildings at a cheap price but 'good enough' quality in the city road area. Most others in city road are priced high and brand new with little space and high body corp rates. So, i believe the summit differentiates itself in city rd in this regard, and that contributes to higher capital gains in the future.

not sure if there are any available on the market though...