Market snapshot
Suburb insights for Prahran3181
Change suburbPrahran, approximately 5 km southeast of Melbourne's CBD, is a vibrant lifestyle suburb famous for its bustling Chapel Street precinct. With a mix of heritage homes, modern apartments, and buzzing cafes, it appeals to families, young professionals, and creative types. Excellent transport and a thriving cultural scene make Prahran one of Melbourne’s most dynamic addresses.
Recent sales and auction results in Prahran
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 2/15 Kelvin Gr, Prahran | 2 |  | Apartment | Auction Sale | 17/07/2026 | Belle Property Armadale | View |
| 24 Florence St, Prahran | 3 |  | House | Passed in at Auction | 17/07/2026 | Buxton Stonnington | View |
| 4 Chatsworth Rd, Prahran | 3 | | House | Private Sale | 1/07/2026 | Jellis Craig | View |
| 8D Highbury Gr, Prahran | 3 | | House | Private Sale | 1/07/2026 | Jellis Craig | View |
| 3/305 Dandenong Rd, Prahran | 2 | | Apartment | Private Sale | 25/06/2026 | Nelson Alexander | View |
Sales data
Median sale price
$1.6mil
Quarterly price change
2.8%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $1,357,500 | $950,000 |
| 3 | $1,722,500 | $872,000 |
| 4 | $2,469,000 | $990,000 |
| Insight | Prahran | Metro comparison |
|---|---|---|
| Clearance rate | 71% | 68.8% |
| Days on market | 36 | 42 |
Rental data
Median weekly rent
$950
Rental yield
3.1%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Prahran | Metro comparison |
|---|---|---|
| 2 | $850 | $600 |
| 3 | $1,100 | $560 |
| 4 | - | $600 |
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