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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!
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.
Whether you're seeking an intimate space for an executive team meeting, a stylish setting for a high-level conference, or a dazzling canvas for a memorable cocktail party, our Private Suites cater to your every need.
Overlook the spherical glow of Port Phillip Bay in this sky-high luxury space. Suited for more intimate events and finished with a statement illuminated marble bar.
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 $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 October 2026), the best options include:
Southern Point Room at Eureka 89
in Southbank - rated 5/5
Our user said: ‘Great location - beautiful views of Melbourne. Staff was friendly and professional.’
Front Terrace at BearBrass
in Southbank - rated 5/5
Our user said: ‘Would highly recommended it to anyone.’
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 (October 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 October 2026), users looking for party venues most commonly go for these venue types:
| Restaurant | prices average $3000 minimum spend per event | typically between 50 and 200 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 |
| Bar | prices average $5000 minimum spend per event | typically between 40 and 60 guests |
Smaller party venues usually fit up to 40 guests standing. Here are some great options in Southbank, based on Tagvenue data as of October 2026:
The Brass Bar at BearBrass, rated 5/5 - bar for 40 guests
Venue said: Raw metal stools and pared-back fittings give the space a functional, unfussy look. Features: The bar serves beer, wine and house cocktails alongside a menu of small plates and pizzas.
Terrace 1 at Left Bank Melbourne, rated 5/5 - terrace for 35 guests
Venue said: Features: The terrace provides outdoor seating configured as banquette booths and freestanding tables, suitable for mixed seating and standing layouts.
Yarra Duchess at Yarra Duchess, rated 5/5 - boat for 38 guests
Venue said: Yarra Duchess is a classic riverboat with timber-lined saloons and open decks, offering a distinctive on-water setting for private events. Venue highlights: The boat's enclosed saloons and open decks provide separate areas...
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 October 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: Winter Terrace — Terrace in Holiday Inn Express Melbourne Southbank. A semi-enclosed, city-facing outdoor seating area. Design: The terrace has a narrow, linear plan and timber-clad walls that create a compact, contemporary...
Eureka Room 2 at Mercure Melbourne Southbank, from $380 hire fee per day
(up to 12 guests seated)
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.
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.
Great location - beautiful views of Melbourne. Staff was friendly and professional. he whole process from viewing the venue, choosing catering options, and the day of the function worked out very smoothly.
Page last updated in October 2026
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