It’s high time for you to choose a venue for your next function in Southbank, Melbourne! It can be really demanding to pick the right space for your event. That’s why we’ve compiled a helpful list of categorised function rooms in Melbourne’s Southbank for you. Here you’ll find function venues of all sorts and kinds anywhere from laid-back local pubs to kids birthday party spaces – no matter what kind of function you are planning to host, Southbank has it all.
The cost of function rooms in Southbank averages around $3200 minimum spend per event. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Southbank, based on Tagvenue data from October 2025:
From $2000 | to $5000 | minimum spend per event |
From $69 | to $145 | per person |
From $1500 | to $3720 | hire fee per event |
Based on the popularity and user ratings on Tagvenue (updated October 2025), the best options include:
Northern Point Room at Eureka 89
in Southbank - rated 4.9/5
Our user said: ‘Venue also has spectacular views.’
Lower Lounge at P.J. O'Brien's Southgate
in Southbank - rated 4.9/5
Our user said: ‘The venue was amazing, the food and drinks excellent and the staff were extremely nice and accommodating.’
The Lounge at Hophaus
in Southbank - rated 4.9/5
Our user said: ‘Food was fantastic. All in our party were very vocal around the good feed they had. Great location.’
You'll find function rooms in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Southbank, together with the standard prices in each size range, based on Tagvenue data (October 2025):
Small function rooms | up to 50 guests | prices average $2000 minimum spend per event |
Medium function rooms | between 60 and 80 guests | prices average $4000 minimum spend per event |
Large function rooms | over 150 guests | prices average $10000 minimum spend per event |
Our favourite areas for functions in Southbank include (but are not limited to):
When hiring a function room, pay attention to:
There are many ways in which you can hire a room with little cost. Firstly, hire the room during off-peak dates. Weekends tend to have higher pricing rates, so if you book the function room on a workday, you can expect smaller prices. Another option is to hire a venue that works on a minimum-spend basis. That way, you will only pay for the food and drinks you order, without having to worry about the cost of hiring the venue. One other option is to find a venue with a BYO policy, where you pay for the room but can bring your own food or drinks.
We’ve got a space for every type of event in Southbank. Check out our top picks for birthdays, holiday parties, and more.
Best Function Venues in Southbank for Every Occasion
For a fun night with friends or a family-style dinner, look for function spaces in rooftop venues with private bar access and late-night licensing.
Top Pick: Two Hands Rooftop Bar – A fusion Japanese-Western rooftop venue with cool décor and cocktails that’ll kickstart the party.
Keep it low-stress with a private room where the drinks and bites are sorted.
Top Pick: Left Bank Melbourne – Known for its riverside views and bold cocktail list. A sleek spot for pre-wedding antics.
Offices and friend groups love private rooms that come with festive décor and set menus.
Top Pick:Ludlow Bar – Multiple private areas and an upscale vibe, ideal for Christmas parties or end-of-year catch-ups.
Hosting a wedding reception in Southbank? Hotels here offer timeless interiors and in-house catering.
Top Pick: The Grand Vestibule at Rendezvous Hotel – Think soaring ceilings, heritage elegance, and a tailored menu.
Whether it’s a seminar, offsite workshop or networking mixer, Southbank’s function spaces offer business-ready modern interiors.
Top Pick: The Cluster – A bright, flexible co-working venue with tech included and breakout spaces that keep ideas flowing.
Need a space that sets the stage for your new brand moment? Look for high-impact interiors and solid tech.
Top Pick: The Precinct Hotel – Offers flexible layouts in its multiple function spaces, a built-in stage, and a premium setup for standout presentations
These top-rated venues in Southbank, Melbourne are a step up in style or size but still offer great value for the experience — especially if you're planning something a little more polished or upscale:
Planning an event by the Yarra without blowing the budget? Southbank’s riverside is packed with upscale venues, but a few hidden gems offer beautiful views and reasonable pricing. Here are three that nail the balance between ambiance and affordability:
Southbank’s function rooms are as varied as the events they host—cocktail parties, networking nights, wedding dinners, or private celebrations. With Tagvenue, you’ll find the best-fit space in minutes.