Party Venues for Hire in Southbank, Melbourne

Booking costs of party venues average $4000 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:

Based on the popularity and user ratings on Tagvenue (updated September 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 (September 2026):

Based on Tagvenue data (as of September 2026), users looking for party venues most commonly go for these venue types:

Smaller party venues usually fit up to 40 guests standing. Here are some great options in Southbank, based on Tagvenue data as of September 2026:

• The Brass Bar at BearBrass, rated 5/5 - bar for 40 guests
  Venue said: The Brass Bar is our newest internal space, boasting a private bar, ideal for smaller, more intimate gatherings, catering to up to 40 guests standing and 22 seated.

• Eureka Room 2 at Mercure Melbourne Southbank, rated 4.6/5 - 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.

• Swan Lake at Mantra Southbank Melbourne, rated 4.6/5 - function room for 40 guests
  Venue said: This versatile venue features built-in audiovisual equipment, a kitchenette, and a private balcony that overlooks some of Melbourne’s most iconic landmarks, including the MCG, Arts Centre, and Federation Square.

Cheap party venues in Southbank start from $35 per person or $1000 hire fee per event. Check out these budget-friendly spaces you can book through Tagvenue, as of September 2026:

• Sidebar Exclusive at P.J. O'Brien's Southgate, from $35 per person (up to 120 guests standing)
  Venue said: Booking P.J’s Sidebar exclusively provides a generous open space, small stage area and a semi-private Upper Lounge Bar. Our versatile venue is perfect for many private and corporate events, with flexible layout options and...

• Winter Terrace at Holiday Inn Express Melbourne Southbank, from $1000 hire fee per event (up to 50 guests standing)
  Venue said: The overall layout and design of the space make it perfect for hosting a range of occasions, from private receptions to corporate functions, all while offering a secluded escape above the bustling city below.

• Boardroom at HWT Tower, from $55 hire fee per hour (up to 8 guests seated)
  Venue said: Our coworking centre in Southbank offer an amazing boardroom that'll be perfect for your next corporate meeting!

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.