It’s time for a party! Let your hair down, invite your favourite crowd and head over to one of the great party venues in Southbank! The area has many exciting spots that are waiting to be discovered - from quirky bars, trendy restaurants and hot clubs to outdoor terraces, patios and gardens. You’ll definitely have a blast at one of these great spaces and make memories for a lifetime. On Tagvenue, you’ll find a wide selection of only the best party spots in town, so why not check it out today? We guarantee that you’ll choose a superb spot within minutes!
Booking costs of party venues average $4500 minimum spend per event. Costs vary depending on guest capacity, popularity, location, and amenities like sound systems or bar services. Extra charges may apply for custom catering, decor, or event planning services. Packages with add-ons, such as DJs, photo booths, or other entertainment services, can also increase the overall cost. Check out the typical price ranges in Southbank, based on Tagvenue data from May 2026:
| From $2500 | to $8000 | minimum spend per event |
| From $45 | to $109 | per person |
| From $1500 | to $3000 | hire fee per event |
Based on the popularity and user ratings on Tagvenue (updated May 2026), the best options include:
Front Terrace at BearBrass
in Southbank - rated 5/5
Our user said: ‘Would highly recommended it to anyone.’
Southern Point Room at Eureka 89
in Southbank - rated 4.9/5
Our user said: ‘Great location - beautiful views of Melbourne. Staff was friendly and professional.’
Side Terrace at Ludlow Bar
in Southbank - rated 4.8/5
Our user said: ‘Organised and planned perfectly.’
You'll find party venues 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 (May 2026):
| Small | up to 40 guests | prices average $2000 minimum spend per event |
| Medium | between 50 and 80 guests | prices average $4000 minimum spend per event |
| Large | over 120 guests | prices average $10000 minimum spend per event |
Based on Tagvenue data (as of May 2026), users looking for party venues most commonly go for these venue types:
| Restaurant | prices average $3200 minimum spend per event | typically between 50 and 100 guests |
| Dining Room | prices average $4500 minimum spend per event | typically between 30 and 120 guests |
| Terrace | prices average $2500 minimum spend per event | typically between 40 and 50 guests |
| Hotel | prices average $1000 hire fee per event | typically between 30 and 50 guests |
| Event Space | prices average $10000 minimum spend per event | typically between 45 and 120 guests |
You’ll find plenty of exciting options by the Southbank Promenade. This vibrant spot offers a long list of lively restaurants, funky bars, soulful cafes, and even party boats! Plus, most of them provide sweeping views of the Yarra River which will definitely add a nice touch to your event.
Generally, you shouldn’t linger too long and should start your search as soon as the idea of hosting a party pops into your mind. Based on our experience it’d be ideal to book a space at least 8 weeks in advance. However, if it’s a spontaneous event, you can find a great space up to 2 weeks before the party, but expect the list of available venues to be much shorter.
Page last updated in May 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.