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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.
#Supervenue
Featuring its own private cocktail bar, this space is commonly used for hen’s parties, engagements or corporate functions but is suitable for just about any cocktail style event.
The cost of function rooms averages around $3000 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 $2000 | to $5000 | minimum spend per event |
| From $35 | to $150 | per person |
| From $95 | to $180 | hire fee per hour |
Based on the popularity and user ratings on Tagvenue (updated November 2026), the best options include:
Northern Point Room at Eureka 89
in Southbank - rated 5/5
Our user said: ‘Venue also has spectacular views.’
Festival Space at Holiday Inn Express Melbourne Southbank
in Southbank - rated 4.9/5
Our user said: ‘The venue itself, HIE Little Collins St, was excellent.’
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.’
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 (November 2026):
| Small | up to 20 guests | prices average $95 hire fee per hour |
| Medium | between 50 and 80 guests | prices average $3200 minimum spend per event |
| Large | over 100 guests | prices average $5000 minimum spend per event |
Smaller function rooms usually fit up to 20 guests standing. Here are some great options in Southbank, based on Tagvenue data as of November 2026:
Eureka Room 2 at Mercure Melbourne Southbank, rated 4.5/5 - meeting room for 12 guests
Venue said: Located on the ground floor of Mercure Melbourne Southbank, Eureka Room 2 is a bright, adaptable event space ideal for small meetings, workshops, and private gatherings.
Normanby 2 at Oakwood Premier Melbourne, rated 4/5 - meeting room for 10 guests
Venue said: The Oakwood Premier offers a space to meet, collaborate, or host a small private event. Normanby is a bright and airy meeting space, perfect for hosting exclusive events or small business functions.
Private Dining Area at KOMEYUI Melbourne - dining room for 10 guests
Venue said: Our restaurant is ideal for small groups looking to host business meetings, catch up with friends, or celebrate a special occasion. Our private dining room is cozy and perfect for intimate gatherings with your loved ones...
Cheap function rooms in Southbank start from $35 per person or $600 minimum spend per event. Check out these budget-friendly spaces you can book through Tagvenue, as of November 2026:
Lower Lounge at P.J. O'Brien's Southgate, from $35 per person
(up to 60 guests standing)
Our user said: ‘The venue was amazing, the food and drinks excellent and the staff were extremely nice and accommodating.’
Eureka Room 1 at Mercure Melbourne Southbank, from $600 minimum spend per event
(up to 50 guests standing)
Our user said: ‘Helpful staff. Accommodating to our budget. Fantastic location. Easy to get to and parking for participants...’
Private Dining Area at KOMEYUI Melbourne, from $1500 minimum spend per event
(up to 10 guests seated)
Venue said: Our restaurant is ideal for small groups looking to host business meetings, catch up with friends, or celebrate a special occasion. Our private dining room is cozy and perfect for intimate gatherings with your loved ones...
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.
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.
Carla from functions was lovely, accommodating and dealing with her leading up to and on the event day was great. On the day the service was excellent. Big shout out to Issa, Aaron and the bar team for making our event special.
Agung was an absolute professional from the first Enquiry and all through the event. He is a pleasure to deal with and would rebook the venue for our next function based purely on my experience with him. Amazing night to remember.
The venue was amazing, the food and drinks excellent and the staff were extremely nice and accommodating. Everyone loved the night and I'm very grateful to the team running the show that evening.
Food was fantastic. All in our party were very vocal around the good feed they had. Great location. Service was excellent.
Absolutely amazing venue! Bea was amazing in the planning of the event, and AJ & Katie did a sensation job on the evening. Our guests loved the food. And the flexibility Ludlow provided with our drinks packages was amazing. Thank you team, we will be back! Cannot rate the experience high enough!
Page last updated in November 2026
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.
